Danone has entered into exclusive negotiations to acquire minority stake in Michel et Augustin, the premium biscuit maker. Danone Manifesto Ventures is Danone’s newly-created venture capital unit based in New York, and this deal would be the first by its investment unit. In 2015, the biscuit maker earned annual revenue of €40m and the deal is expected to accelerate Michel et Augustin’s international expansion, particularly in the US, with the support of Danone’s expertise
