BUBS is finished, as I said in the past, it’s on life support. It’s terminal. No chance of recovery, unless bought out by an international.
They say they want a China reset, yet they didn’t even bother appearing at the largest trade show in China. The 7th CIIE. Unbelievable!?! Wake up BUBS, all your competitors were there. Where’s your marketing and sales teams? Do they actually do anything? Do they have a budget to work with? According to your financials, they have a budget but I don’t see any advertising anywhere! Not in Australia and definitely not in China! As a matter of fact, I have never seen a BUBS tin in any store I’ve visited in China! And the only place in Australia is Chemist Warehouse, (only because Jack Gance is a shareholder,) and occasionally in Woolworths.
The best thing to do is look for someone to buy the company at a fire sale price. Wether they keep the BUBS name alive or use the Deloraine plant to manufacture their own brand. Probably both.
The afternoon shift has been reinstated, it was just a temporary halt to get rid of stockpile.
Like I said, BUBS is terminally ill. Just a matter of time now……
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