Baby components: Iceland ‘dedicated to creating no cash’ as Danone cuts worth

The grocery store chain, Iceland, has instructed Sky News it’s "committed to making no money out of baby formula", as Danone broadcasts it’s going to scale back the value it sells the product to retailers by 7%.

A latest Sky News investigation discovered dad and mom resorting to stealing child milk, shopping for on the black market, watering down feeds and substituting components for condensed milk.

Richard Walker, Iceland’s Managing Director, mentioned he had heard some "heart-breaking stories" from younger moms as a result of excessive improve within the costs of components milk.

He mentioned it will be "great" if different manufacturers adopted Danone and there was a necessity for them to "recognise" the price of dwelling disaster.

For extra on this story: https://news.sky.com/story/danone-to-cut-price-it-sells-aptamil-baby-milk-to-retailers-after-firms-were-accused-of-exploiting-british-families-13045185

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