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.
Groupe Lactalis has launched a €3.4nm (£3bn) takeover bid for Italian rival Parmalat. The French dairy giant already owns a 29% stake in the company. Trading in Parmalat shares was suspended following the news.
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