French baby milk maker Lactalis Groupe’s ongoing recall of thousands of products over fears of salmonella bacteria contamination in China is expected to hurt its brand reputation among Chinese consumers and have a negative impact on its market share in the country, according to industry experts. The French company, one of the world’s largest dairy groups, said it was warned by health authorities in France that 26 infants had become sick since Dec 1. As a result, Lactalis decided to recall products produced since Feb 15…Full Article: ECNS.cn Dec 2017
- Lactalis’ China recalled approximately six batches (3,208 cartons) of Celia milk formula that were distributed in China and additional six batches that were kept storage.
- In May 2017, Yili Group (SHA:600887) attempted to acquire Stonyfield (U.S. yogurt producer) from France’s Danone for approximately USD 850 million. Danone ended up selling Stonyfield to their compatriots Lactalis (French dairy company).
Hong Kong Trends