Business
A2 Milk hit by Victoria’s lockdown as lucrative daigou sales collapse – Sydney Morning Herald
A disruption to daigou sales into China has led dairy firm a2 Milk to warn of a drop in first-half revenue.
Sales to corporate daigou, highly organised shoppers who run their own businesses buying products in Australia to sell in China, represent a significant proportion of infant formula sales in Australia and New Zealand.
A2s ASX-listed shares plunged more than 10 per cent to a six-month low of $15.33 in reaction to the revised outlook. Shares closed down 11.42 per cent to $15.20.
Interim chief executive Geoffrey Babidge said the daigou channel had been very important to a2 establishing its brand …
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