Fonterra chairman Wilson appeals for patience on Beingmate formula

Tue, 13 Dec 2016

By Fiona Rotherham Dec. 13 (BusinessDesk) - Fonterra Cooperative Group chairman John Wilson expects it will take another one-to-two years before there’s clarity on how its Chinese partner Beingmate Baby & Child will fare under new regulations governing infant formula in China. The so-called Article 81 regulatory change means each legal entity will only be allowed to have three brands with three recipes for infant formula and that’s expected to decimate the number of brands and labels on supermarket shelves in China from more than 2,000 cu...

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