Fonterra confirms dispute with Danone following recall, denies liability

Tue, 01 Oct 2013

Oct. 2 (BusinessDesk) – Fonterra Cooperative Group said it is in talks with Danone after its recall of whey protein concentrate hurt sales of Karicare infant formula made by the French dairy company’s Nutricia unit. Danone is arguing it suffered major brand damage in a recall of infant formula across nine countries that cost it up to 200 million euros, the NZ Herald reported today. That suggests it may be seeking much more than the $14 million Fonterra chief executive Theo Spierings has said his company set aside for settling any damages clai...

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