Why Fonterra should exit Beingmate ASAP
The risks to Fonterra are not just financial. The elephant in the room is food safety.
Fonterra’s expensive purchase of a minority stake in Chinese infant formula company Beingmate is like a nasty itch that just won’t go away.
The co-operative’s problem is that it refused to see the doctor two years ago and is now dealing with the repercussions.
Had it sought help
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Why Fonterra should exit Beingmate ASAP
Analysis,
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