Business
Bubs adjusts to life without daigou traders – The Australian Financial Review
Infant formula groups Bubs and Nuchev say revenues were better in the December quarter than in the September quarter.
Rival ASX-listed goat milk infant formula group Nuchev, which makes the Oli6 brand, on Thursday also released a December quarterly update, which chief executive Ben Dingle said demonstrated the resilience of the business.
Nuchev produced revenue of $3.7 million in the three months ended December 31, up from $1.7 million in the September quarter. It said the corporate daigou market was recovering slowly. Nuchev shares are still less than half the $3 they were fetching in late May.
Mrs Carr said a…
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