date:Mar 10, 2014
formula which were wiped out in December.
As Danone is planning to re-launch Dumex as well as introduce the ultra-premium Nutricia range in China, we believe spending will need to be ramped up aggressively, Barclays analysts said in a recent note.
Selling Medical Nutrition, which swallows hefty RD spending, might also allow a return of cash to shareholders.
Danone never paid an exceptional dividend, said Christian Jimenez, President of investment fund Diamant Bleu Gestion, adding that a new s