Danone to sue Fonterra for €350m over formula contamination scare
The world’s largest yoghurt-maker did not say how much money it was seeking, but it has previously said it wanted full compensation for what it says were €350m in lost sales following the recall of the company’s Dumex and Karicare infant formula products.
Danone buys a range of dairy ingredients from Fonterra, but is one of its biggest customers for milk powder, according to analysts who cover the sector. Fonterra, which said it would contest the suit “vigorously”, declined to give details on its sales to the French firm.
