Blackmores Riding the Vitamins Wave in China
Blackmores is about to become one of the top five vitamin brands selling online in China, boosted by positive sales performances on Alibaba's e-commerce platforms in November and December 2016.
Credit Suisse analyst Ben Levin told The Australian he was optimistic about the vitamins giant's outlook in China for 2017, warning that negative updates released by infant formula company Bellamy's "should not be treated as a sector read-through".
Blackmores' most recent quarterly results published in October show that its China business recorded a 220% jump in sales to $31 million.
Access the full article here via The Australian. (paywall)
