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A decline in grocery sales has eaten into profits at logistics giant Stobart Group. Deputy CEO Richard Butcher told The Grocer volume declines at its customers - including Tesco, Danone, Mars and P&G - led to a £1.3m fall in pre-tax…
Danone could be poised to sell its water business, including the Evian and Volvic brands. The French dairy giant is holding talks over a possible sale with Japanese drinks group Suntory, according to press reports.
A senior executive at Danone is leaving the French dairy giant to take over at luxury handbag maker Louis Vuitton. Jordi Constans was previously executive vice president of fresh dairy products at Danone.
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