Food giant Danone's decision to dump Fonterra as a supplier and launch legal action over last year's contamination scare is an effort to boost its potential compensation amount, an analyst says.
Danone announced today it had launched legal proceedings against New Zealand diary group Fonterra and has ended its supply contract with firm.
The Paris-based company is initiating proceedings in the High Court here and arbitration proceedings in Singapore "to bring all facts to light and to obtain compensation for the harm it has suffered," over the dairy giant's whey protein concentrate recall.
Danone - which is the parent company of infant formula manufacturer Nutricia - put the cost of last year's recall at 350 million euros ($575 million) when it announced its third-quarter results, while Fonterra recognised a contingent liability of just $14 million in its own accounts.
...................作者: 小P孩儿 时间: 2014-1-9 10:10:14
达能被恒天然坑了作者: lizanqq 时间: 2014-1-9 10:17:00
小P孩儿 发表于 2014-1-9 11:10
达能被恒天然坑了
好签名图作者: maomao968 时间: 2014-1-9 11:37:09
will Chinese market being scared by this issue?
holly ..........
lots of nz firms are aiming Chinese infant market, and they are 100% rely on fronterra base powder...作者: x-ray 时间: 2014-1-9 12:12:43
maomao968 发表于 2014-1-9 12:37
will Chinese market being scared by this issue?
holly ..........
Bad news for Karicare traders作者: 太阳鸟鸟 时间: 2014-1-9 12:18:48