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<strong>Danone sees lower margin</strong>
Danone SA has forecast a lower margin, and more acquisitions and divestments as new chief executive officer Antoine de Saint-Affrique seeks to turn around the world’s largest yogurt maker, which has been stagnating for about a decade. De Saint-Affrique plans to boost investment in key brands to spur growth, which would weigh on profitability this year, the Paris-based company said yesterday. The company said that recurring operating margin would be above 12 percent this year, implying it would reach the lowest level in more than a decade. Sales are predicted to grow 3 to 5 percent on
Investegate |Deutsche Bank AG FF Announcements | Deutsche Bank AG FF: Pre-Stabilisation Notice investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
KKR Pauses for Breath After $60B Pandemic Deal Binge themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.