Net profits at supplements manufacturer Blackmores slumped by 42% in the first of half of the financial year, with the firm reporting reduced demand from Chinese ‘daigou’ shoppers who buy in Australia and then ship goods back to their homeland.
More than 20% of Indonesian homes are thought to experience the double burden of malnutrition – both undernutrition and overweight/obesity – with households of a higher socioeconomic status most at risk.
The US investment community has only a limited interest in investing in or acquiring dietary supplement brands, but interest in the sector from Chinese investors is expected to continue, says Nutrition Capital Network.
The man who has launched Australia’s first store selling vitamins solely via vending machines wants to launch hundreds more in locations across the country, while also expanding to overseas markets such as China, Singapore, India and New Zealand.
Reckitt Benckiser Group plc (RB) has confirmed it is in ‘advanced negotiations’ to acquire all Mead Johnson Nutrition shares for $90 each in cash, valuing Mead Johnson’s entire share capital at approximately $16.7bn.
Infant nutrition company Mead Johnson saw sales in Asia – its largest region – slip 9% year-on-year, 5% on a constant dollar basis, to $1.856bn – although the company recorded ‘strong sales growth’ in its key China market.
Hyderabad-based nutritional supplements maker Genmedic Healthcare Pvt Ltd received an investment boost from the ad-for-equity investment arm of media firm Bennett, Coleman and Company Ltd (BCCL), Brand Capital.