Japanese brewing giant Kirin will cement Blackmores’ global expansion plans as part of a broader push into the wellness industry.
Blackmores is the latest consumer goods operator to be hit by rising production costs.
The ASX-listed vitamin maker has copped a first strike on executive pay as Marcus Blackmore takes the board to task for poor performance.
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Vitamin maker Blackmores is hoping strong growth in markets outside China will help insulate it from a slowdown in the world’s second-largest economy.
Australians are spending staggering sums on pets - over $30 billion on cats and dogs alone - and increasingly on pills to keep them happy.
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Revenues and profits are up,but there are some real operational headaches for the vitamins maker.
Blackmores has posted a 90 per cent jump in net profits with vitamin sales rocketing in Asian markets,but Australian sales have lagged with COVID lockdowns reducing cold and flu risks.
The vitamins brand seems unfazed by the prospect of rising trade tensions between Australia and China,with border closures a bigger hit to sales.