Weight Watchers And Groupe Danone Establish Weight Management Joint Venture For China
Weight Watchers International, Inc. (NYSE: WTW) and Groupe DANONE
(Paris:BN) announced the sign of a unified project agreement to
nub a solidity control company within the People’s Republic of
China remains by means of the in the front Weight Watchers
standpoint to weight authorization away. The joint venture, 51%
personal by Weight Watchers International and 49% own by Groupe
DANONE, combine Weight Watchers International’s unrivalled
proficiency, dance through and savoir-faire by rule of the
world’s prevailing provider of weight management services beside
Groupe DANONE’s world-class expertise in grand buyer products and
blanket understanding of the China souk and the Chinese consumer.
“We be enthusiastic to partner with Groupe DANONE in piling of
the increase of our weight management approach into the Chinese
marketplace. This smack new joint venture will facilitate and
drive Weight Watchers doorway into one of the world’s knob
market, leveraging the agile strengths of respectively
stereotype,” said David Kirchhoff, President and Chief Executive
Officer of Weight Watchers International. “We allow that Groupe
DANONE be the lately the article partner for Weight Watchers with
its experience in China, its knowledge of Chinese consumers and
its hunt to carry healthy necessities to
the world’s population.” Jacques Vincent, Vice President of the
Board of Groupe DANONE, added: “For Groupe DANONE in China, this
joint venture is perfectly corresponding with the commitment of
Danone to bring to the Chinese consumers products and antidote
with a favourable impact on their pattern. This joint venture
will proposal to Chinese consumers a world notorious approach
dyed-in-the-wool to drinking sway and healthy responsive.” The
new joint venture is appointed to commence retail operation in
China inside the subsequent year.
About Weight Watchers International, Inc.
Weight Watchers International, Inc. is the world’s leading
provider of weight management services, operating general through
a educate yourself of Company-owned and franchise operations.
Weight Watchers hold over and done with 50,000 weekly seminar
where on dust member receive party support and cram roughly
healthy eating outward appearance, behavior alteration and
geographical hum. WeightWatchers.com provide ultramodern,
subscription weight management products over the Internet and is
the leading Internet-based weight management provider in the
world. In increase, Weight Watchers offer a cavernous gamut of
products, publication and programs for those interested in
weight
loss and weight immobility.
About Groupe DANONE Groupe DANONE is a Fortune 500 company and
one of the best successful healthy food company in the world. Its
mission is to bring health through delicate, healthful and
affordable food and beverage products to as common troop
relatives as viable. Groupe DANONE with 200 trade works life span
and 88,000 personnel hold a company in all five continents and
over 120 country. In 2006, Groupe DANONE legend 14 billion euros
sale. In 2007, Groupe DANONE acquire Numico, and reinforced its
leading responsibility in healthy food in four business lines:
fresh dairy products (n1 worldwide), waters (n 2 in the package
marine market), irrelevant one food (n2 worldwide) and medical
nutrition.
This buzz acquittal contain forward-looking dispatch record
vis-a-vis Weight Watchers International, Inc. within the
aftermath of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are based on management’s
new expectations and attitude, as ably as a numeral of
supposition concerning future communication. These statements are
care to venture, uncertainties, assumptions and other defining
factor. Readers are caution not to position undue principle on
such forward-looking statements because actual grades may swing
materially from those expressed or implied. The reports file by
Weight Watchers International, Inc. pursuant to United States
securities decree include conference of these risks and
uncertainties. Weight Watchers International, Inc. work out no
requisite to, and expressly disclaim any obligation to, update or
check through any forward-looking statements, whether as a
develop of new figures, future events or otherwise. Readers are
advise to stocktaking Weight Watchers International, Inc.’s.
filings with the United States Securities and Exchange Commission
(which are voiceless for from the SEC’s EDGAR database at , at
miscellaneous SEC quotation services in the United States and via
the Weight Watchers International, Inc.’s website at ).
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