Weight Watchers and DANONE in joint venture

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    clpstaff

    Weight Watchers International, Inc. and Groupe DANONE announced the signing of a joint venture agreement to establish a weight management business in the…

    Weight Watchers International, Inc. and Groupe DANONE announced the signing of a joint venture agreement to establish a weight management business in the PRC. The leading weight management services provider will own 51% of the joint venture, while Groupe DANONE will own 49%. The joint venture is expected to commence retail operations in the PRC within the next year. Baker & McKenzie advised Groupe DANONE S.A. on the deal.

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