Danone Dumps Chinese Bottled-Water Maker

(Beijing) — French food and beverage giant Danone SA has sold its Chinese purified-water business to a local company as it shifts its strategy from fostering domestic brands to importing foreign products favored by local consumers.

The French company sold Robust Co. Ltd., based in south China's Guangdong province, to Win Holding, Danone said in a statement to Caixin on Wednesday. Based in the southern boomtown of Shenzhen, Win will take over the purified bottled water's brand and six plants across the country, Danone said.