June 4, 1988 |
Carnation Corp., a unit of Swiss food giant Nestle SA, on Friday confirmed plans to enter the $1.6-billion U.S. infant nutrition market. Sources on Wall Street said Carnation plans to sell an infant formula that is already being marketed in Europe by Nestle. The formula is sold as a powder and is designed for babies who are allergic to milk, said Larry Feinberg, an analyst with Drexel Burnham Lambert in New York.
May 29, 1990 |
The Federal Trade Commission said today that it is investigating the baby formula industry to see whether the top producers are in collusion, sending prices much higher than they would otherwise be. Abbott Laboratories, Wyeth Laboratories and Mead Johnson Co. control more than 90% of the U.S. formula market, where prices have risen 150% in the last decade, according to Sen. Howard M. Metzenbaum (D-Ohio). Milk prices, a main formula component, rose only 36% in the same period.
December 18, 1990 |
In an effort to boost disappointing sales of its infant formula, Carnation Co. says it will begin advertising the product directly to mothers next month in a controversial strategy that has been opposed by pediatrician groups and advocates of breast feeding. Until recently, infant formula makers had advertised only to health professionals in medical journals under guidelines approved by the influential American Academy of Pediatrics.
November 17, 1988 |
A commission of 11 physicians, theologians and researchers set up by the Nestle company to monitor its distribution of infant formula said Wednesday that it has concluded that the company has not been improperly "dumping" baby formula on Third World hospitals. The panel, responding to recent allegations by a national consumer group against the firm, blamed the controversy on a misinterpretation of an international guideline on distribution of free supplies of infant formula.
April 24, 2012 |
Swiss food and nutrition giant Nestle plans to shell out $11.9 billion to buy Pfizer's nutrition unit, whose products include baby formula brands SMA and Promil. The division is expected to reel in $2.4 billion in sales this year and gets 85% of its revenue from emerging markets, whose large and rapidly growing populations are a key target for Nestle. Pfizer has the fifth-largest infant formula business in the world, according to research group Euromonitor International, ranked behind Nestle, Mead-Johnson Nutrition Co., Groupe Danone and Abbott Laboratories, respectively.
June 29, 1988 |
A private consumer watchdog group threatened Tuesday to revive a boycott against the Swiss food conglomerate Nestle S.A. unless it stops supplying hospitals in Third World countries with free infant formula. Janice Mantell, executive director of the Action for Corporate Accountability, gave the corporation until Oct. 4 to comply.
June 28, 1988 |
A pediatricians' group said Monday that it will fight any attempt by Carnation Co. to advertise a new infant formula to the public. Richard Narkewicz, president of the 34,000-member American Academy of Pediatrics, said he has written a letter to Carnation President T. F. Crull saying: "Any attempt to dissuade mothers from breast-feeding by advertising infant formula directly to the public would be strongly condemned by the academy."
September 23, 2010
The baby formula recall is taking its toll -- online. Abbott Nutrition announced Wednesday that it was recalling certain types and lots of powdered formula under the Similac brand because beetles were found in one of its production areas. The Illinois-based company said there's no health risk related to the bug scare, but anxious parents overwhelmed the call center and crashed the website before the company shored up communication problems Thursday, according to media reports.
CALIFORNIA | LOCAL
March 9, 2000
Two fatty acids normally found in mother's milk and widely used in infant formula throughout the world--but banned in the United States--aid mental development when added to formula, according to researchers from the Retina Foundation of the Southwest in Dallas. The fatty acids are docosahexaenoic acid (DHA) and arachidonic acid (AA). Psychologist Eileen E. Birch and her colleagues studied 56 newborns.