Danone (DANOY.PK) can't overcome faltering economies in Italy and Spain as consumers switch to...

|About: Danone ADR (DANOY)|By:, SA News Editor

Danone (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.