Bubs (ASX:BUB) lauches into one of the largest baby stores in Vietnam

Company News

by Rachael Jones

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Last Updated: 11/12/2019 10:25 AM

Bubs Australia (ASX BUB) has launched in Vietnam’s largest Mother & Baby store chain, Bibo Mart. 

The company has over 135 stores, predominantly located in major metropolitan areas. 

Bubs (ASX:BUB) entered a Master Distribution Agreement with Viet Nam TVV Service and Trading Company Limited (TVV), one of the largest Vietnamese owned distributors in Vietnam’s infant nutrition industry, distributing to an extensive network of around 20,000 retail outlets.

The Vietnamese infant nutritionals market is estimated to be worth $2.2 billion annually and is growing.

Product is expected on Bibo Mart and other Vietnamese store shelves from December 2019.

Shares in Bubs Australia (ASX BUB) closed -1.84 per cent lower at $1.07 on Friday.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.