date:Sep 02, 2013
Following a precautionary recall of selected Danone infant formula products from eight markets in the wake of the Fonterra scandal, Danone has welcomed findings from the New Zealand authorities which concluded that all ingredients used by Danone are in 'full compliance with the highest standards of quality'.
The group noted, however, that the product recalls had a 'significant impact' on the group's Baby Nutrition sales in Asia.
Danone CFO Pierre-Andr Trisse, said, The division's third-quarter