I reckon it’s a Good news for internal branded infant formula companies such as Bubs. Abott screwed themselves up in their quality issues happened at US , that affected their consumers confidence in China . Company in their size can’t afford to continue the business there but it’s definitely a great news for smaller company like Bubs to snatch up portion of the 3% market there.
The issue with Chinese infant formula market is the local brands continuing overtake the market . International brands are facing the same challenge . However there are people in China they would only trust imported infant formula and the 3 % market share can welll feed small company like bubs.
snatched another bunch of share today at 0.3 price today .
gldh
Abbotts pulling out of China …, page-8
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