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Danone Trims Stake In Yakult, But Expands Collaboration

February 14, 2018: 12:00 AM EST
French food and beverage giant Danone said it is extending its collaborative relationship with Japanese probiotic beverage company Yakult Honsha Co. to “promote probiotics as part of a balanced diet.” Danone also disclosed that it has agreed to trim its 21.29 percent stake in Yakult to seven percent “in line with capital allocation priorities.” The companies said they would step up efforts to promote probiotics through their Global Probiotics Council, and will expand the Ishoku Dogen program focusing on the link between diet and health. Potential new collaboration projects include testing distribution of Yakult's products by Danone in European markets, starting with Spain.
"Danone Enters a New Phase in its Strategic Partnership with Yakult", News release, Danone, February 14, 2018, © Danone
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