Danone Nutricia posts $1.19 million full-year loss, blames Fonterra botulism scare

Tue, 09 Jun 2015

By Fiona Rotherham June 9 (BusinessDesk) - Danone Nutricia, the French-owned infant formula maker, has reported a full-year loss it attributes to ongoing fallout from the Fonterra Cooperative Group's botulism scare in 2013. The New Zealand subsidiary of the French food giant posted a loss of $1.19 million for calendar 2014, compared to a profit of $1.99 million a year earlier. Danone Nutricia ended its supply contract with Fonterra and launched a $1 billion lawsuit against the dairy cooperative early last year. That followed its sales...

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