date:Jan 09, 2014
was taking longer than expected to recover from the recall of high-margin infant formula and cut its sales, profitability and free cash flow goals for 2013.
It was forced to recall its Dumex formula products in China, where demand for foreign branded infant formula is high due to a series of domestic food quality issues.
Baby food accounts for 20 percent of Danone's revenue, second only to its dairy business, and Asia, notably China, is a key growth market at a time of sluggish demand in Europ