Reckitt Benckiser considers over $2 billion sale of Mead Johnson Greater China: sources
https://www.reuters.com/article/us-meadjohnson-china-sale-idUSKBN2BE13V
Maybe a2 should buy it?
interesting excerpt:
“Chinese consumers have been favouring imported infant formula since the country’s 2008 baby milk contamination scandal. The top four best-selling infant formula brands on e-commerce platform JD.com for example are all foreign.
However, local brands are catching up fast with brands such as MorganStanley-backed Feihe gaining significant market share.”
all you need to know about morgan stanley
Media Updates, page-8093
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