French prosecutors are investigating companies like Nestle and Danone over contaminated baby formula. Here's the latest [CNBC]
DANONE S/ADR (DANOY)
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Source: CNBC
The probe follows worldwide recalls that have left both parents and investors on edge after the toxin cereulide was found in infant nutrition products. What began as a “precautionary recall” by Nestle has snowballed, and recalls have been made in over 60 countries, affecting flagship brands including Aptamil, Cow & Gate, and SMA. In this article d3sign | Getty A crisis over contaminated baby formula has grown with product recall after recall in recent weeks. On Friday, Paris' public prosecutor said it opened investigations into five companies that make the formula. Parents and investors are on edge. The investigation concerns possibly contaminated infant nutrition products distributed by three of the world's largest dairy groups, Nestle Danone , and privately-held Lactalis, as well as smaller brands Babybio and La Marque en Moins. The recalls were due to possible contamination of cereulide, a heat-stable toxin that can cause nausea, vomiting and diarrhoea when consumed. W
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