date:Dec 03, 2013
Danone's revenue, second only to its dairy business, and Asia, notably China, is a key growth market for the group at a time of sluggish demand in Europe.
At an annual meeting of Fonterra's shareholder fund on Monday, the co-operative said negotiations with Danone were dragging on.
In Danone's case ... we have worked on a commercial solution for months, Spierings said. That appears to be a route that is not working out.
Fonterra has earmarked NZ$14 million ($11.4 million) to deal with recall-