THE G SPOT
Tiger Brands: bad luck or bad management?
Tiger’s shares are under fire again after the group recalled Purity Essentials baby talc that contained traces of asbestos
It’s the last thing that Tiger Brands — still trying to salvage its reputation after the 2018 listeriosis scandal — needed: a recall of baby talc after traces of asbestos were found in the product. The recall is hardly on the scale of what unfolded at Johnson & Johnson. In August, the US pharmaceutical giant dropped its talc range amid a series of huge lawsuits alleging it spent decades hiding cancer risks linked to the baby powder. Still, the news drove skittish investors to dump Tiger’s shares last week, taking its year-to-date losses to almost 10%. The FM spoke to CEO Noel Doyle.
How did this happen?..
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