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Danone CEO sees COVID-19 polarizing the food sector: 'There won't be a middle class anymore'

from Food-Navigator

Danone CEO sees COVID-19 polarizing the food sector: 'There won't be a middle class anymore' Food-Navigator Danone believes that the cornonavirus pandemic will result in a polarization of the food sector, as consumers trade up to healthier products in some areas and trade-down to cut household expenditure in others. "There will be a polarization of the market. There won't be a middle class anymore," CEO Emmanuel Faber said. READ MORE

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