Danone Net Worth is7.8 12-Month Sales Growth (%)
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Company Name: Groupe Danone S.A.
Company Type: S.A. (corporation)
Traded As: BN
Foundation: Barcelona, Spain (1919)
Location: Boulevard Haussmann, 9th arrondissement of Paris, Paris, France
Key People: Franck Riboud (Chairman and CEO), Jacques Vincent (Vice-Chairman and COO)
Industry: Food processing
Products: Dairy products, Bottled water, baby food
Revenue: €19.318 billion (2010) Operating Income: €2.578 billion (2010) Net Income: €1.67 billion (2010) Assets: €28.10 billion (end 2010) Equity: €11.99 billion (end 2010) Num Employees: 101,000 (end 2010) Homepage: [http://www.danone.com www.danone.com]
Intl: yes
Groupe Danone is a French food-products multinational corporation based in the 9th arrondissement of Paris. It claims world leadership in fresh dairy products, marketed under the corporate name, and also in bottled water. In 2007 it swapped its world number 2 position as producer of cereals and biscuits for the same position in baby foods, having sold the biscuits division to Kraft Foods and acquired Numico. In the United States, the Danone brand is marketed as Dannon, a subsidiary of Groupe Danone (under the name The Dannon Company).
Besides the Danone/Dannon brand of yogurts, the company owns several internationally known brands of bottled water: Volvic, Evian, and Badoit. About 56% of its 2006 net sales derived from dairy, 28% from beverages, and 16% from biscuits and cereals.
Danone owns many water brands worldwide. In Asia, it has acquired Yili, Aqua (Indonesia) and Robust (92%) and has a 51% holding in China's Wahaha Joint Venture Company, giving it a total market share of 20% and making it the leading vendor of packaged water in Asia.
The original company bearing the corporate name was founded in 1919 by Isaac Carasso in Barcelona as a small factory producing yoghurt. The factory was named Danone, a Catalan diminutive of the name of his first son, Daniel Carasso.
Ten years later, the company moved from Spain to neighboring France, and the first French factory was built. During the German occupation of France during World War II, Daniel moved the company to New York to avoid persecution as a result of his Jewish faith. In the United States, Daniel partnered with the Swiss-born Spaniard Joe Metzger and changed the brand name to Dannon to sound more American.
In 1951, Daniel Carasso returned to Paris to manage the family's businesses in France and Spain, and the American business was sold in 1959. In Europe in 1967, Danone merged with Gervais, the leading fresh cheese producer in France and became Gervais Danone.
Another branch of Groupe Danone

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