In 2008, the world witnessed one of the most serious food safety scandals in modern history when powdered infant formula in ...
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America Has a Baby-Formula Problem—Again
Three years ago, America was in the midst of an infant-formula crisis. Abbott, one of the world’s biggest formula producers, had issued a nationwide recall after two children who consumed its products ...
Investors have been spooked at the prospect of the reputational damage the scandal could inflict on brands. The world’s largest formula maker, Nestlé, has seen its share price drop almost 4 per cent ...
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