10 / 364
DANONE
REGISTRATION DOCUMENT 2015
10
2.1 HISTORY 12 Company roots: from glass to food 12 1973-1990: European expansion 12 1990-1996: global ambitions 12 1996-2007: refocus on health food 12 2007-2014: acceleration of international development 12 Since 2014: toward strong, profitable and sustainable growth 12 2.2 PRESENTATION OF DANONE 13 Activities 13 Principal markets 13 2.3 STRATEGIC GROWTH AREAS 15 Alimentation 15 A new approach to managing strategic resource cycles 15 People and the organization 16 Towards a strong, profitable and sustainable growth by 2020 16 2.4 DESCRIPTION AND STRATEGY OF THE DIVISIONS 16 Fresh Dairy Products 16 Waters 17 Early Life Nutrition 17 Medical Nutrition 17 2.5 OTHER ELEMENTS RELATED TO DANONE'S ACTIVITY AND ORGANIZATION 18 Distribution 18 Competition 18 Research and Development 19 Plants and equipment 20 Raw materials purchasing 21 Social and environmental responsibility 22 Financial risk management 22 2.6 SIMPLIFIED ORGANIZATIONAL CHART AS OF DECEMBER 31, 2015 22 Parent company Danone 22 Consolidated subsidiaries 22 Main fully consolidated but not fully owned companies 23 Main publicly traded companies 23 2.7 RISK FACTORS 24 Risk identification and control policy 24 Principal risk factors 24 Description of principal risk factors 25 Insurance and risk coverage 42