Blackmores’ new chair says she is looking to appoint new directors who can diversify the board’s skill set and expertise, as the firm looks to achieve ‘sustainable, profitable growth’ and improve shareholder returns.
Blackmores' in-market sales in China dipped in the first half of the financial year, causing its shares to slide and emphasising the difficulty in shifting from a daigou-based model to domestic Chinese trade.
The demand for new brands and products shows no signs of slowing amongst daigou traders, with one daigou specialist retailer revealing that these products can lead to a 50% margin for daigou traders.
Swiss pharmaceutical and nutritional ingredients player Lonza beat 2017 earnings expectations, but forecast a rise in operating profit margin this year that fell short of analysts’ hopes, knocking its shares.
