- Major developments have set a promising tone for Danone's medium-term future.
- Sustainability-focused CEO Faber got the axe after years of service, with activists making way for more aggressive CEOs who can realise the business' value.
- Selling of the Chinese unit represents a start to the activist's attempt to achieve multiple expansions.
- Given the weight that Danone felt under COVID relative to other consumer products companies, the move spells performance much more in line with the value in the business segments.
For further details see:
Activists Will Help Realise The Potentially High Danone Multiple