date:Feb 21, 2014
In Danone SA's China, diamonds are free, milk powder is forever.
The French dairy giant is handing out the jewels as prizes in promotions to win back consumers it lost last year in claims of high prices, accusations of bribery and food safety scares.
On milk, it's spending big. With investors restless over its inability to grow in China, this month Danone paid $665 million to lift its small stake in the country's number two milk maker, China Mengniu Dairy Co Ltd (2319.HK).
Sealed at a hefty p