Infant Formula News
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Danone, owner of Activia yogurt and Evian water, will spend about 325 million euros ($417 million) to form a joint venture and invest in China’s biggest dairy producer to expand its brands in the most populous nation.
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A record New Zealand dollar pushed the central bank into its first confirmed currency intervention in six years. It’s also forcing the nation’s biggest exporters to innovate as the soaring kiwi squeezes returns.
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For border officials in Hong Kong, baby formula trumps heroin.
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Aspen Pharmacare Holdings Ltd., the largest maker of generic medicines in the southern Hemisphere, agreed to buy licenses to sell Nestle SA’s infant formula in Australia and southern African countries for $215 million.
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China may ban sales promotions and advertising for milk formula designed for babies younger than six months in an effort to encourage breastfeeding, the Ministry of Health said.
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Nestle SA, the world’s biggest food maker, said full-year sales will be at the lower end of a forecast after reporting its slowest first-quarter revenue growth since 2009.
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Chinese visitors to The Rees Hotel in Queenstown can have Chicken Congee for breakfast, watch their favorite dramas from back home on TV, then speak to reception in Mandarin to book a jet-boat ride on Lake Wakatipu.
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Nestle SA’s Nescafe Dolce Gusto portioned coffee brand will break even this year as the world’s largest food company expands its range of beverage machines, Chief Executive Officer Paul Bulcke said.
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Seven babies died after being fed an additive used to help thicken infant formula or breast milk, U.S. regulators said.
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Royal DSM might be the largest company you’ve never heard of. That’s how Hugh Welsh, the company’s president for North America, introduces people to the Dutch maker of nutrients, advanced materials and chemicals used in everything from agriculture, to furniture, to energy.
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