date:Apr 30, 2013
Yakult and its largest shareholder, Danone, have scrapped their nine-year old strategic alliance in favour of a new, looser agreement to further their 'collaborative relationship.'
Last Friday (26 April 2013), Japan-based Yakult and French dairy giant Danone tore up a 2004 collaboration agreement after they were unable to reach a compromise on amendments to the deal.
The parties entered into the agreement in March 2004 with the aim of accelerating their growth in the functional foods sector.