Danone acquires Harrogate Water to diversify its product portfolio

By Akshay Kedari  Date: 2020-02-29

Danone acquires Harrogate Water to diversify its product portfolio

French food and drink company, Danone S.A. has recently made a strategic acquisition through its United Kingdom affiliate by acquiring majority shares in Harrogate Water, a UK-based bottled water company. Harrogate is best known for its charitable water brand Thirsty Planet and its regular water brand Harrogate Spring Water.

Report claim that current stakeholders of Harrogate Water, the Cain family, would go on to become minority shareholders of the company. Meanwhile, James Cain, CEO, Harrogate Water, would be a part of Danone Waters UK’s management team.

Speaking on the move, James Cain said that the company is excited to join Danone, the ideal business partner that would help Harrogate Water take striding steps while celebrating and respecting its heritage and history.

Moreover, both Harrogate Water and Danone share a similar approach and ethos to sustainability and community. Starting as a family business, Harrogate has made it clear that it derives inspiration from its colleagues, people, customers, and partners. Together with Danone’s team, the water company is confident to maintain its path to glory, with a like-minded, considered approach, added Cain.

As for James Pearson, Managing Director, Danone Waters UK & Ireland, the company is delighted to welcome Harrogate Water to its family. This acquisition would help it to fulfill the growing demand for on-the-go consumption & sparkling water as well as expanding its offering in the UK.

Situated in Paris, Danone has had a diverse range of bottled water varieties which consist of Actimel, Activia, Aptamil, Alpro, Danio, Danette, Danonino, Dannon, Nutricia, Evian, Volvic, and Nutrilon. However, Danone has lowered its profit margin and sales growth targets for 2020, as it anticipates negative business impacts follows the effects of Covid-19 (coronavirus) in the Chinese food & beverage market.

Reportedly, Danone and Diageo are one of the latest firms to issue a warning, stating the global epidemic known as coronavirus would hurt its profit and cost it millions in sales.

Source Credit: https://www.drinks-insight-network.com/news/danone-harrogate-water/

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Thermo Fisher claims its tests can detect Omicron variant accurately

Thermo Fisher claims its tests can detect Omicron variant accurately

By Akshay Kedari

The emergence of the Omicron variant of coronavirus, which has forced some countries to once again seal off their borders, is being seen as a catalyst to prolonging the pandemic. The accurate detection of the variant is a major concern, however, Ther...

Motorway obtains unicorn status following a USD 190 Mn Series C funding

Motorway obtains unicorn status following a USD 190 Mn Series C funding

By Akshay Kedari

U.K-based secondhand car auction platform Motorway has reportedly secured USD 190 million in Series C funding round. This has allowed the startup to acquire a unicorn status, with a total valuation of more than USD 1 billion. The funding round was l...

Spotify found testing TikTok-style short vertical video feed in its app

Spotify found testing TikTok-style short vertical video feed in its app

By Akshay Kedari

Spotify is reportedly testing a TikTok-style vertical video feature in its popular music streaming app.  The option will allow users to scroll through the vertical music videos as well as either like them or skip them. Sources claimed that this...

General Motors to deliver Hummer electric pickups starting December

General Motors to deliver Hummer electric pickups starting December

By Akshay Kedari

Edition 1 model of Hummer pickup accounted for 80% of the total reservation. The EV pickup truck boasts a driving range of 329 miles. Automotive giant General Motors Co will reportedly start the delivery of its GMC hummer EV from December onward...

Pokémon GO creator Niantic raises USD 300 Mn to build its own metaverse

Pokémon GO creator Niantic raises USD 300 Mn to build its own metaverse

By Akshay Kedari

Niantic, the creator of the popular Pokémon GO, has reportedly raised USD 300 million from global investment manager Caotue at a valuation of USD 9 billion. The San Francisco-based AR game developer will use the fresh funds to develop a &ldquo...