danone

Danone in Talks to Sell Bottled Water Business

Groupe Danone SA (DANOY) is in talks with Japanese companies to sell its bottled water business, including the iconic Evian brand, in a deal worth as much as $7 billion. Danone is in talks with companies including Kirin Holdings (KNBWY), The Wall Street Journal said without naming its sources. Other potential buyers include Suntory Holdings and Asahi Breweries (ASBRY).

Plastic Packaging Is Good for the Earth? Rubbish!

A New York Times' blogger argues that wasting food is worse for the environment than a bit of plastic packaging that extends its shelf life. Why? Because of the methane food produces when it decays, he says. But the argument is rubbish as composting and buying locally would solve the problem.