Danone’s Dumex baby nutrition unit said it will take disciplinary measures and strengthen governance in China after a government body and state media accused it of paying doctors to drum up infant-formula sales.
Nestle SA’s sales growth may trail that of Danone for a second year in 2011 as its smaller French rival benefits from a greater concentration on healthy food and emerging markets such as Russia and China, analysts said.
Danone, the owner of Evian bottled- water and Activia yogurt, rose the most in almost three years in Paris trading after fourth-quarter sales beat estimates and the company announced plans to cut 900 jobs in Europe.
Chr. Hansen A/S rose the most in seven weeks in Copenhagen trading after Societe Generale SA said the new chief executive officer of the world’s biggest maker of dairy enzymes will return cash to shareholders.
Danone, the world’s biggest yogurt maker, reported third-quarter revenue that missed estimates as declines in Spain and Greece caused the weakest growth in sales of dairy products in more than three years.