MW: Danone to sell assets and shake up its management to cope with pandemic

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MARKETWATCH reports:

Shares in Danone rose more than 2% on Monday, after the multinational food and drinks group launched a review of its businesses and overhauled its management, in a bid to cope with disruptions caused by the COVID-19 pandemic.

Danone BN, 0.26%, which sells products that range from Danone (Dannon in the U.S.) and Activia yogurts to Evian bottled water, said it aimed to “rapidly reconnect” with its midterm goals, including delivering like-for-like sales growth of 3-5%.