Archives for September 8, 2013

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Russia removes temporary Fonterra dairy import ban

By Mark ASTLEY

Russia has lifted the temporary import and distribution ban imposed on Fonterra dairy products following the New Zealand-based dairy cooperative's decision to recall three batches of whey protein concentrate (WPC) potentially contaminated with...

SOLD! GSK exits drinks market

Glaxo sells Lucozade and Ribena to Suntory for £1.35bn cash

By Shane STARLING

Ever-expanding Japanese beverage behemoth, Suntory, is the new owner of Lucozade and Ribena, which GlaxoSmithKline (GSK) has sold for £1.35bn (€1.6bn/$2.11bn) as it admits defeat in its internationalisation plans and trains its focus on its pharma...