By Reuters Staff
3 Min Read
PARIS (Reuters) - An activist investor has called on Danone chief executive Emmanuel Faber to step down after taking a stake in the French food group late last year.
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Shares in the maker of Actimel yoghurt and Evian bottled water moved higher on Tuesday after news of the investment emerged. The shares fell 27% in 2020 and Danone had been touted as a prime target for an activist fund.
Bluebell Capital Partners - whose executives have pushed for changes at fashion label Hugo Boss in Germany and lender Mediobanca in Italy - took a stake in Danone in 2020, according to a letter sent by the fund to Danone board member Michel Landel in November, and seen by Reuters.
Ana Mano
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SAO PAULO, Jan 15 (Reuters) - Brazilian soy traders CJ Selecta, Caramuru and Imcopa have committed to zero deforestation in their respective supply chains, adding pressure on larger traders to accelerate environmental commitments.
Their pledge involves a ban on trading soy grown on land deforested after August 2020 in all of Brazil, going beyond a previous agreements among traders that only applied to the Amazon rainforest.
Patricia Sugui, CJ Selecta’s sustainability manager, said the three are part of a group promoting soy sustainability, adding the move to eradicate deforestation from supply chains immediately “is an answer to demands of civil society.” The three companies mostly supply Norway’s salmon industry.
Brazilian soy traders CJ Selecta, Caramuru and Imcopa have committed to zero deforestation in their respective supply chains, adding pressure on larger traders to accelerate environmental commitments.
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ZURICH, Jan 14 (Reuters) - Geberit became the latest Swiss company to be hit by the surge in value of the Swiss franc during 2020, with the plumbing supplies maker reporting on Thursday how the rise in the safe-haven currency during the COVID-19 crisis cancelled out higher sales in other currencies.
The problem is expected to hit other Swiss companies such as foodmaker Nestle and pharmaceuticals firm Roche , which generate most of their revenue abroad but whose reporting currency is the turbo-charged franc.
During 2020 the franc appreciated 3.7% against the euro and 12% against the dollar on average, causing a headache for Swiss companies with their biggest sales in the euro zone and particularly the United States.