Danone growing its product portfolio through plant-based food alternatives
Danone acquired plant-based food producer Earth Island in February 2021. The acquisition will accelerate the company’s expansion into the fast-growing plant-based food category, as well push the company’s goal to achieve $6.0 billion in plant-based sales by 2025 forward. The company’s plant-based category also includes brands Silk and So Delicious. Danone also announced its intention to convert one its dairy factories into a non-dairy milk production facility. The factory will be converted in the latter half of 2022.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.