date:Feb 21, 2014
ith concerns raised by New Zealand-based supplier Fonterra. A bacteria found by Fonterra turned out to be less harmful than feared. Danone is now suing the company for unspecified compensation.
Danone said on Thursday the recall in Asia cost the group 370 million euros in lost sales last year and shaved 26 basis points from its operating profit margin.
In the fourth quarter alone the recall cut 200 million euros ($275 million) off the baby food division's sales.
Danone said that baby food sal