“We need to raise our game” – new Nestlé CEO Laurent Freixe sets out stall
“Performance is okay but I think it could be better. We need to raise our game there.” At 08:00 CEST…
Baby Food
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Nestlé names LatAm boss Freixe new CEO as Schneider steps down
Mark Schneider, chief executive of Swiss giant Nestlé, is set to depart the company after eight years at the world’s…
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A2 Milk points to muted revenue, margin growth on China challenges
The A2 Milk Co. has signalled a muted revenue and margin performance in the new fiscal year due to ongoing…
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CMA decides against infant-formula investigation despite “significant concerns”
The UK's Competition and Markets Authority (CMA) has identified “significant concerns” over the country's infant-formula market but will not launch…
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Synlait and A2 Milk resolve long-running contractual, pricing dispute
Synlait Milk and The A2 Milk Co. have settled an almost year-old dispute over contracts and pricing. A key part…
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Nestlé invests further in Indian joint venture with Dr Reddy’s
Nestlé’s Indian arm has invested Rs7.06bn ($83.9m) in its joint venture with pharma group Dr Reddy’s in India. Nestlé India…
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Danone sounds positive tone for progressive second-half performance
Danone anticipates volumes will keep growing in the back half even amid the need for further pricing, which will continue…
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Reckitt, Abbott infant-formula cases “could cost billions” – expert
Dr. Paul Kaufman, a senior litigation attorney in the US with expertise in product liability cases, believes that legal claims…
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Will huge infant-formula fines scupper Reckitt Benckiser’s category exit plan?
UK-based multinational consumer goods heavyweight Reckitt Benckiser has long been linked with a sale of its infant-formula assets. However, with…
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Abbott Laboratories hit with huge fine in infant-formula brain damage case
Abbott Laboratories has been ordered to pay almost $500m over allegations that it hid the risk that its infant formula…
