France-based food giant Danone could be subject to a takeover attempt in the near future, per the New York Post, with Kraft Heinz and Coca-Cola mulled as potential buyers.
Any move for Danone would come as the business is rapidly restructuring its operations. Earlier this year, the company announced an initiative aimed at cutting internal costs by €1 billion by 2020. So far in 2017, it has also sold its US dairy business Stonyfield for $875 million and reiterated its shift towards healthy eating products with the launch of its 'One Planet. One Health' company signature.
While low on details, the Post's report fits with current industry trends. Big-ticket deals for food products companies have been a feature of M&A so far in 2017, as businesses shift focus and prioritise key areas. Reckitt Benckiser, for example, acquired Mead Johnson Nutrition in June for $17.9 billion and then agreed to sell its French's food business to McCormick for $4.2 billion last month after determining it to be non-core to its operations.
RB is just one of a number of FMCG companies doing similar. For example, Anglo-Dutch conglomerate Unilever announced earlier this year that it will axe its spreads business in a bid to redirect and restructure its business model.