Sweden's milk war is now being played out on television.
New Zealand milk will be used for a new certified organic grass-fed infant formula offering by Bubs Australia Ltd.
Fonterra says it has been “fully transparent’ about Beingmate’s performance and its impact on the co-op’s financial position.
Fonterra shareholders could end up losing over $1 billion on the co-op’s controversial investment in Chinese infant formula company Beingmate, says business commentator Rod Oram.
Beingmate is very close to appointing a chief executive officer, says Fonterra’s chief executive Theo Spierings.
Fonterra's China business head Christina Zhu says its Beingmate joint venture needs a leadership revamp.
Fonterra is disputing claims made in the April 10 issue of Dairy News that its plans to turn around the co-op’s disastrous investment in Chinese baby food company Beingmate will be hampered by the return of the company’s founder.
Chinese media say Fonterra’s two directors on its joint venture, Beingmate have expressed reservations about a new independent director approved by the board recently.