Vitamins group Blackmores estimates that about 40 per cent of its daigou trade, which fuelled a golden period in 2015-2016 of booming sales to China, has now vanished.
The one-time sharemarket darling had its share price crunched by almost 15 per cent on Thursday to $70.90, its lowest in more than four years.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
