date:Feb 01, 2016
ating, reported first half profits down 34%, on sales down 10%.
And Yashili, in which Danone has a major stake, in November warned on profits, forecasting a 55% decline in full-year profits.
E-commerce pre-eminence
Among Western operators in the market Mead Johnson, a big player in the Chinese infant formula market, has foreseen am 11% drop in organic growth in Asia.
However, France-based Danone looks placed for strong growth, thanks to its exposure to the e-commerce sector of the market pop