Adaptimmune stock plunges after announcing Nasdaq delisting plans
Investing.com -- Danone CEO Antoine de Saint-Affrique stated that share buybacks are possible but not a priority for the company as it focuses on reducing debt and exploring potential acquisitions.
In an interview with the Financial Times, Saint-Affrique noted that the food industry has reached a tipping point due to shifting demographics, changing consumer preferences, and scientific advancements. He emphasized that many diseases result from poor dietary habits.
The food giant invested nearly €500 million in research and innovation last year, representing a 10% increase, and plans to maintain this level of spending going forward.
Saint-Affrique expressed support for U.S. initiatives targeting obesity and food additives, saying these efforts align with Danone’s own programs.
The company is scheduled to release its third-quarter sales results on October 28.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.