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Danone Divests U.S. Vega Business

 06/20/2021

Following a review of strategy and the replacement of the CEO, Paris-based Danone has announced divestment of the Vega business to WM Partners. 

 

Vega was founded in 2004 and is a supplier of plant-based foods.  The business was part of the White Wave Foods acquisition by Danone in 2017.  Sale of the business is consistent with an ongoing review of the Danone portfolio since shareholders have placed pressure on the board and management to increase short-term returns.