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Danone

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News

Cost of living crisis? Consumers keep spending for now

By Richa Naidu and Sachin Ravikumar LONDON, July 27 (Reuters) - Consumer-focused firms are seeing no shortage of demand despite the soaring cost-of-living, prompting several to upgrade sales forecasts for the current year, though questions remain about how long that will last. While some consumers are shielding themselves from price hikes by trading down to own label products, enough are spending more for McDonalds MCD.N to risk lifting the price of a cheeseburger in Britain for the first time i
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Global food makers, retailers remain in crisis mode

By Padraic Halpin, Conor Humphries and Richa Naidu DUBLIN/LONDON, June 22 (Reuters) - Global retailers and consumer goods makers remain in crisis mode and expect consumer behavior to remain unpredictable for the foreseeable future, top industry executives told a conference in Dublin this week. Since the start of 2020, the STOXX Europe 600 Retail EUR Price Index .SXRP has lost more than a fifth of its value.
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Danone trims product range as shoppers balk at high prices

By Richa Naidu LONDON, June 20 (Reuters) - French food giant and the world's biggest yoghurt maker Danone DANO.PA is cutting the variety of products its sells, a top executive said, adapting to changing consumer shopping habits in Europe and beyond as inflation bites into household spending. Supermarkets and the makers of packaged food are struggling to combat rising costs, with products ranging from crude oil to paper packaging becoming more expensive due to a protracted pandemic-led shipping c
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Danone trims product range as shoppers balk at high prices

By Richa Naidu LONDON, June 20 (Reuters) - French food giant Danone DANO.PA is cutting the variety of products it sells to retailers to cut costs, a top executive told Reuters, meaning yoghurt fans may in future miss out on the exact flavour or pot-size they're used to. Supermarkets and the makers of packaged food are struggling to combat rising costs, with products ranging from crude oil to paper packaging becoming more expensive due to a protracted pandemic-led shipping crunch and Russia's inv
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Wall Street Journal - May 31

May 31 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Danone SA DANO.PA is to send the equivalent of about five million bottles of specialist infant formula to the U.S. as part of a broader push to alleviate shortages faced by babies with allergies.
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