(Bloomberg) — Danone is reviewing its entire portfolio for underperforming assets in Chief Executive Officer Emmanuel Faber’s biggest shakeup of the French yogurt maker, whose shares are languishing near a six-year low.The company is putting the Vega protein powder brand up for sale as well as a unit in Argentina, getting rid of businesses that contribute 500 million euros ($585 million) to revenue. The stock rose as much as 1.8% in Paris.Two weeks after raising 470 million euros by selling a stake in Japanese beverage maker Yakult Honsha Co. and ending a two-decade alliance, Faber is set to divest even …read more
Source:: Yahoo Finance
