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Danone (DANOY.PK) can't overcome faltering economies in Italy and Spain as consumers switch to...
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Wednesday, October 17, 2012, 9:18 AM ETDanone (DANOY.PK) can't overcome faltering economies in Italy and Spain as consumers switch to cheaper yogurt alternatives. The company's dairy division saw revenue slow to a 0.7% pace with volumes dropping. The plight of Danone has implications for yogurt sellers such as General Mills (GIS) and Nestle (NSRGY.PK) if pricing in the sector gets pushed lower. DANOY.PK -4.1% in Paris trading.
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