Recent events
Recent events tied to this brand in public sources.
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2026
Abbott plans to spin off its nutrition business
Abbott plans to separate its nutrition business into an independent company; the article says the separation will be tax-free and existing shareholders will hold shares in both companies.
2022
Abbott China initiates a voluntary recall of infant nutrition products
Abbott China initiated a voluntary recall of the Similac HMFortifi specialized medical-use infant nutrition supplement that had been exported to China, following reports involving infants who consumed certain Abbott-produced formula products and an FDA investigation.
2021
Abbott trading company fined over infant formula quality issue
The article reports that Abbott Trading (Shanghai) Co., Ltd. was fined and had amounts confiscated in connection with infant formula in which vanillin was detected. The supplied text does not specify the penalty date or amount.
2021
Abbott completed recovery of affected formula batch from the market
Abbott China said it had completed recovery of all remaining products from the affected batch of Abbott Similac platinum infant formula stage 1. The company said the batch had tested positive for trace vanillin and apologized for the inconvenience to consumers.
2021
Abbott Trading (Shanghai) fined over infant formula batch
Shanghai Municipal Administration for Market Regulation imposed an administrative penalty on Abbott Trading (Shanghai) over food allegedly contaminated by packaging materials or containers. The penalty included confiscation of items and illegal gains, and a fine of RMB 9,093,140.58.
2021
Fonterra and Abbott initiate sale of China joint-venture farm
Fonterra said that, after discussions with joint-venture partner Abbott, the two parties decided to jointly initiate the sale of China joint-venture farm Chun Yuan Farm.
2021
45 maternity brands launch support service for new mothers
On January 13, 2021, 45 brands launched a support service for new mothers, including dedicated customer service that would listen to and chat with mothers. The brands also upgraded service to provide 15-day no-reason returns and priority logistics returns.
2020
Abbott changes distribution channels in China
Abbott notified Hangzhou Yitian and Shanghai Manbei that it would cancel some of their Abbott product distribution channels, with the affected business transferred to a new distributor. The changes were to take effect from April 1 and May 1, 2020, respectively; the article reports that the required three-party business transfer agreement had been signed.
2020
Abbott reports 2019 fourth-quarter and full-year results
Abbott reported fourth-quarter 2019 global sales of $8.3 billion, up 8.5% year over year, and full-year global sales of $32 billion, up 7.7%. It also provided a 2020 sales growth forecast of 7% to 8% and adjusted diluted earnings-per-share guidance of $3.55 to $3.65.