Mead Johnson has been the subject of takeover talk ever since it was spun-off from pharma group Bristol-Myers Squibb in 2009. Today's (10 Fe...
A new year, re-heated M&A speculation. Takeover talk is again centred on US-based infant formula group Mead Johnson, often seen as a target...
Republican Donald Trump has beaten front-runner Hillary Clinton in the race to become the forty-fifth President of the United States of America. His eleventh-hour election success defied the pollsters as first the key swing state of Florida fell, followed by North Carolina, Ohio and finally Pennsylvania. With big business largely backing Clinton, pundits are framing Trump's win as further evidence of disillusionment with the so-called political and business classes. just-food examines the implications of the election result for the global food sector.
Mead Johnson's business in China has come under pressure and was a factor in the US infant formula group's profit warning earlier this month. Low dairy costs and downbeat consumer sentiment have sparked fierce competition on price and Mead Johnson is uncertain when conditions will ease. But it insists it is investing for long-term growth in the country.
Two significant announcements this week - from dairy giant Fonterra and from infant formula group Mead Johnson - further underlined how the impact of China's recent economic slowdown is affecting companies in our sector.
E-commerce has rapidly emerged as a key battleground for multinational infant formula manufacturers in China. In a category that has come under recent pressure, changing consumer patterns and a shift in the way people shop in the country has resulted in the mass migration of Chinese infant formula purchases to online channels. Katy Askew looks at how this fast-paced sector is developing.
US-based infant formula business Mead Johnson has agreed to acquire spray drying and finishing capabilities from Australian food group Bega Cheese to strengthen expansion plans for the Chinese market.
UK consumer goods group Reckitt Benckiser has signed a deal to take control of US infant formula business Mead Johnson for US$17.9bn.
US infant nutrition company Mead Johnson has revealed it has received a takeover offer from UK-based consumer health business Reckitt Benckiser.
Mead Johnson, the US infant formula business, said today (26 January) its underlying sales - its top-line number excluding the impact of exchange rates - could decline in 2017.
Mead Johnson is rolling out an infant formula in Czechia and Slovakia said to help children with a "severe" allergy to cow's milk protein.
Nestle has refused to comment on a report in the US claiming the world's largest food maker is considering a takeover offer for infant formula producer Mead Johnson.
Murray Goulburn's interim CEO, David Mallinson, has said the Australian dairy group is still looking to invest in infant formula production despite regulatory changes in China leading to the plug being pulled on plans to work with Mead Johnson on selling into Asia.
US infant formula producer Mead Johnson and Australian dairy group Murray Goulburn have pulled the plug on their plans to work together in Asia Pacific.
Infant nutrition group Mead Johnson has lowered its full-year sales and earnings outlook despite noting progress has been made on lifting its sales trajectory in China.
US infant formula producer Mead Johnson today (28 July) revised its net sales outlook and said it now expects full year net sales of 5% to 7% below the prior year on a reported basis and 0% to 2% below the prior year on a constant dollar basis.
Hong Kong-listed nutritional products provider Biostime International Holdings has reported a rise in first-quarter sales, although revenue from its largest division - infant formula - fell.
Mead Johnson, the US infant formula producer, today (28 April) claimed to be seeing progress in its performance despite reporting lower first-quarter sales and earnings.
US infant formula firm Mead Johnson has announced the launch of "premium-priced" brand Enfinitas in China.
Murray Goulburn, the Australia-based dairy co-operative, has struck a deal to supply US infant formula manufacturer Mead Johnson with nutritional powders.
Mead Johnson, the US-based infant formula group, today (22 October) lowered its forecast for its 2015 sales and earnings, a year CEO Kasper Jakobsen described as "challenging on several fronts".
Nestle this week a change of leadership at its embattled unit India, which has been under the spotlight in recent weeks over the nationwide Maggi recall. Elsewhere, ConAgra Foods was reported to have started talks to sell its own-label unit, with Post Holdings and TreeHouse Foods said to be interested. Our interview pages included chats with the founder of US organic baby food firm - and Danone subsidiary - Happy Family, Chinese bakery business Dongguan Kam Tai Foods and UK gluten-free company Mrs Crimble's.
Mead Johnson is to pay over US$12m in a settlement of an investigation from the US Securities and Exchange Commission into the infant formula group's promotions in China.
Mead Johnson today (23 July) posted a fall in half-year profits on the back of flat sales as Asia weighed on the US-based infant formula group in the second quarter.
Fonterra this week announced plans to cut over 500 jobs as it adjusts to a slump in prices of dairy commodities, caused in part by falling demand in China. And Mead Johnson this week lowered its forecast for annual profits, with the slowdown in China's economy a factor.
The issue of sugar intake returned to the fore this week with a UK panel calling for official guidance on daily consumption to be halved. Fonterra announcing a different kind of cut, with over 500 jobs to go at the dairy exporter. China is a factor in the New Zealand group's decision and the country's easing growth is affecting a number of food multinationals. This week, infant formula manufacturer Mead Johnson cut its profit forecast on the back of challenges in emerging markets including China.
Mead Johnson lowered its full-year sales and earnings outlook yesterday (14 July) after issues in China and other emerging markets hit the group in the second quarter.
Mead Johnson Nutrition has appointed former Numico executive Michel Cup as its new CFO - and asked the man filling the role temporarily to become COO.
US infant formula group Mead Johnson today (23 April) reported higher first-quarter profits, helped by price increases, lower dairy costs and a fall in its tax rate.
We attended the Consumer Analyst Group of Europe conference in London this week, bringing you strategic updates from the likes of Nestle, Danone and Glanbia. Elsewhere, General Mills reported further pressure on sales and earnings and we profiled the growing importance of e-commerce to baby food makers in China.
Headlines that Mead Johnson's board has backed Reckitt Benckiser's takeover bid will no doubt overshadow the other news on the group this week – that it is facing a US lawsuit from a “whistle blower” over alleged breaches of safety procedures.
News that French retail giant Carrefour last month launched an online shopping portal in China, carrefour.cn, comes as further evidence of the growing importance of e-commerce in the market.
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