Danone Nutricia needs 18 months to recover from botulism scare, CEO Tap says

Wed, 17 Sep 2014

By Fiona Rotherham Sept. 17 (BusinessDesk) - Danone Nutricia chief executive Corine Tap said it would take the infant formula manufacturer 18 months to recover from the adverse effects of the Fonterra Cooperative Group botulism scare. The New Zealand subsidiary of the French food giant posted a 97 per cent profit drop in 2013 to $1.99 million after sales were disrupted in August when it had to recall infant formula from several countries. Danone Nutricia is suing Fonterra for alleged breaches of the Fair Trading Act in the High Court,...

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