'Historically high' baby formula prices sparks watchdog probe | UK News
Britain's competition watchdog has launched a probe into the 'historically high' cost of formula milk amid the cost-of-living crisis.
Stay updated with breaking news from Compositional Requirements. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Britain's competition watchdog has launched a probe into the 'historically high' cost of formula milk amid the cost-of-living crisis.
Danone, which accounts for 71% of the baby formula market, raised their prices by 25% in two years, the Competition and Markets Authority (CMA) found.
An investigation will be launched into the baby formula market, according to the competition watchdog.
Richard Walker, the CEO of Iceland, said there were 'unintended' consequences of the law which stops retailers from applying discounts to formula milk.
Information to help food businesses comply with nutrition legislation.