Lifeway to shake-up board after Danone “co-operation” deal

Lifeway Foods can “move forward with clarity and stability”, the kefir maker’s CEO has said, after the company struck a “co-operation” deal with minority shareholder Danone. The relationship between Lifeway and Danone – which invested in the business in 1999 – has become strained over the last 12 months after the US group rejected two takeover bids from the French giant and the companies embarked on litigation against each other. This summer, “representatives” of Danone and Lifeway started talks to “rese ...