Danone Puts Lagging US Brands Including Wallaby Up for Sale

Danone is putting US yogurt brands Wallaby and Horizon Organic under strategic review as part of new Chief Executive Antoine de Saint-Affrique’s turnaround plan for the Paris-listed dairy giant.

The former Barry Callebaut boss began his overhaul in March last year, promising to buy or sell lines representing a tenth of his portfolio. Activist investors who helped oust his predecessor Emmanuel Faber called for a focus on higher margin, international brands like Activia, rather than less profitable local ones.