Danone

Status:
Risk Alert – Entity in a problematic sector – Sector controlled by the Top Alert entities

Info:
Danone is a French multinational food-products corporation based in Paris and founded in Barcelona, Spain. The company is listed on Euronext Paris where it is a component of the CAC 40 stock market index. The company’s products are branded Dannon in the United States;

Danone’s lists three Iranian subsidiaries on its website: Danone Sahar, Damavand, and Mashad Milk Powder Industries Company;

Paris-listed Groupe Danone S.A., for example, has a long-standing joint venture that produces Damavand mineral water, Iran’s biggest bottled water brand. Danone increased its stake in that venture to 70% from 40% in 2010;

Danone’s subsidiary Danone Sahar also launched their brand Danone within cream in 2015, while previously the company was only present in baby milk powder and desserts in Iran;

Danone Iran has its own website;

Established:
1919

Industry:
Food Industry

Country:
France

Address:
Boulevard Haussmann 9th arrondissement, Paris France

Website:
www.danone.com
www.danone.ir

Person of interests:
Franck Riboud (Honorary Chairman);
Emmanuel Faber (Chairman and CEO)

Reason for the color:
» French company Danone has a long-standing joint venture that produces Damavand mineral water, Iran’s biggest bottled water brand;
» Despite U.S. sancitons Danone is still working with Iranian regime;

You May Be Interested