The Food and Drug Administration (FDA) said on Thursday it has expanded its collaboration with Danone’s Nutricia business to boost supplies of specialized medical baby formula bottles to address its shortage among infants with certain allergies or critical health conditions. The health regulator said about 500,000 additional cans manufactured by Danone would be sent to…
Danone, Reckitt Race to Ramp Up US Baby Formula Supply Amid Shortage
LONDON—Danone SA has been doubling shipments to the United States of Neocate formula for infants allergic to cow’s milk while Enfamil maker Reckitt is also working to boost supplies amid a nationwide shortage, company executives said on Wednesday. Top manufacturer Abbott Laboratories in February recalled dozens of types of its Similac, Alimentum, and EleCare formulas,…
Danone Imports of Baby Formula Into United States Spiked Following Shortages
May 20, 2022
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In view of current shortages, French multinational food product corporation Danone has started significantly increasing its imports of infant formula from Europe to the United States, according to an analysis by Reuters. Ocean Audit, a U.S. customs data and shipping consultancy, examined ocean cargo data for the media company and found that Danone shipped baby…
Cost of Products to Rise in US Amid High Inflation: Danone CFO
Danone’s stock fell Tuesday after the company’s chief financial officer said inflation pressure may worsen next year and the company expects to hike prices. “We expect 2022 at least at the same level as 2021, and maybe even higher,” Juergen Esser, the CFO, told reporters on a call. “We need to get prepared for more…
Under Shareholder Pressure, Danone Takes Step To Sell Chinese Asset
PARIS—Danone said on Sunday it was taking a first step towards selling off its stake in its Chinese dairy partner as the French food group faces pressure from shareholders to improve its performance and governance. Danone said in a statement that following a review of its portfolio it had reached an agreement to convert its…
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