Food giant Danone is considering getting out of organic dairy in North America and will consider selling its Colorado-born Horizon Organic brand as part of an effort to focus on Danone’s most profitable businesses. Danone North America, co-headquartered in Broomfield and White Plains, New York, is the parent company of the Horizon Organic brands, the milk and dairy business that was started in Boulder in 1991 and was later acquired by Danone. The Paris-based company announced Thursday that its considering options for both its Horizon Organic and Wallaby organic dairy businesses in North America. The move is part of a review of all of Danone’s various brands, which span from milk to non-dairy plant-based milks, infant formula, yogurts, coffee creamers and other products. The North American organic brands encompass milks, creamers, cheeses and butters totaling about 3% of Danone’s global revenue but weren’t measuring up in overall sales growth and operating margins, the company said. “Both Horizon Organic and Wallaby are strong, much-loved brands with compelling growth opportunities. That said, seen through the lens of our Renew Strategy which requires us to stay disciplined in how we allocate our resources, they fall outside our priority growth areas of focus,” […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
