Danone to raise stake in Mengniu

February 12, 2014 | By RetailME Bureau

Danone, a globally leading yogurt maker, agreed to raise its stake in China Mengniu Dairy Company Limited – a manufacturing and distribution company of dairy products and ice cream – at an investment worth $663 million witnessing increasing demand for foreign brands as they are being perceived as safer.

The partnership will help Danone boost sales in China’s yogurt market that is estimated to grow 57% to $11.7 billion by next year, says Euromonitor International. Mengniu will benefit from working more closely with a French brand as food scandals including rat, fox and mink meat sold as mutton, tainted liquor and excessive antibiotics in chicken have fuelled demand for safer products.

Danone’s investment follows agreements signed in May last year with Mengniu and Cofco to help expand its brands in the most populous nation. The deal is subject to the approval of Mengniu’s shareholders, and is expected to be finalised within the next few months.



Previous Article Next Article


UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau

Download Images RetailME Magazine