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Danone loses its founder

Antoine Riboud, the founder of French Danone Group died at the beginning of May. He was the son of a banker from Lyon, and started work at Souchon glassworks, which first became Bsn and then Danone in.

Antoine Riboud, the founder of French Danone Group died at the beginning of May. He was the son of a banker from Lyon, and started work at Souchon glassworks, which first became Bsn and then Danone in the 1970s, with its entry in the food sector. Danone holds some of the most popular trademarks such as Kronenbourg beer, Saiwa, Lu and Jacob“s biscuits, as well as Evian and la Badoit mineral water. In Italy, where it controls a quarter of the market sector dedicated to yoghurt, Danone“s acquisitions included Galbani, now part of Bcc, a quota in Peroni beer, the ten-year agreement with the Fossati family of Star and, last but not least, the agreement with Umberto Agnelli, president of Ifil who still has a 3.3% quota in Danone. The Danone group has a turnover of EUR 14.5 billion and about 100 thousand collaborators worldwide. In 1996, in the 30th year of the company, Riboud obtained the approval of the shareholders to transfer the management of the group to his son Frank.

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