August
- Updated
- Earnings season
Booming Chinese demand not enough to stave off a2 Milk share slump
The company has warned revenues will grow far below the pace expected by investors this year after challenges finding product for the lucrative export market.
- Updated
- Carrie LaFrenz
A2 Milk strikes peace deal with Synlait, sending shares sharply higher
The agreement will allow the company to manufacture its infant formula for the first time, with investors hoping for wider margins and better returns.
- Carrie LaFrenz
May
Care A2 Plus lender applies to wind up baby formula minnow
Care A2 Plus faces the prospect of being wound up due to a long-running dispute with a lender who alleged the infant formula manufacturer defaulted on a $2.2 million loan.
- Max Mason and Carrie LaFrenz
April
Synlait Milk races to raise capital and sell assets to repay debt
Around $120 million was due on Thursday, but the New Zealand-based group has won three more months to find the money for its lenders.
- Carrie LaFrenz
November 2023
Bubs asks shareholders for more capital to fund US push
The infant formula player is looking for $28 million at 12.5¢ a share
- Carrie LaFrenz
A2 Milk boss says China formula market in steep decline
David Bortolussi says the fresh milk and formula company expects low, single-digit revenue growth in 2024 and flat profit margins.
- Updated
- Carrie LaFrenz
September 2023
Care A2’s infant nutrition expert says she never worked for the company
The ASX baby formula hopeful is involved in escalating legal action against its US distributor, who is alleging it lost $200 million after its deal failed.
- Max Mason and Carrie LaFrenz
‘Protect your dream’, says LittleOak infant formula founder
A goat’s milk infant formula business sprang from a mum’s frustration, but optimism and enthusiasm is now the driving force.
- Simon Evans
Care A2 Plus fights Federal Court green light for US lawsuit
The infant formula producer is attempting to throw out a decision that allowed its US partner to sue its founder, chief executive and chairman in Miami.
- Max Mason and Carrie LaFrenz
A2 Milk and Synlait infant formula feud worsens
a2 Milk wants to take more control of its supply chain, but its 20 per cent-owned infant formula supplier Synlait is annoyed at a move to up-end exclusivity.
- Simon Evans
Bubs boardroom battle responsible for cost surge, company says
The infant formula group’s board led by former King & Wood Mallesons partner Katrina Rathie, survived a push by the company’s founders to oust them.
- Carrie LaFrenz
Care A2 misled US regulators to pump up ASX float, distributor alleges
In an increasingly acrimonious dispute, Gensco Pharma says its former partner alleged the company inflated how prepared it was to supply the lucrative market.
- Carrie LaFrenz and Max Mason
August 2023
a2 Milk meets full-year guidance but warns on China
The a2 Milk Company has eked out a double-digit gain in revenue and small gain in 2023 earnings but warned China will be more challenging this year due to fewer newborns.
- Carrie LaFrenz
- Exclusive
- Retail
Care a2 Plus’ US partner claims $200m in lost profits from failed deal
The US distributor is suing the Australian baby formula group - the latest legal issue plaguing the company.
- Carrie LaFrenz and Max Mason
July 2023
Bubs’ China problem gets worse
The infant formula player’s fourth quarter China sales crashed nearly 100 per cent compared to a year ago.
- Carrie LaFrenz
LittleOak seeks $10m from investors as it expands in the US
The goat milk infant formula start-up, backed by Parc Capital, hopes to capitalise on growing demand from consumers seeking alternative green brands.
- Carrie LaFrenz
Jack Gance questions Bubs spending after board spill fails
The billionaire co-founder of Chemist Warehouse and the second-biggest Bubs shareholder suggests that the company spent a staggering $5 million on its campaign.
- Carrie LaFrenz
Early votes at Bubs indicate spill at infant formula maker to fail
The dispute between the company and its former managers and founders, Kristy Carr and Dennis Lin, has extended for months.
- Carrie LaFrenz
- Exclusive
- Bubs Australia
Malaysian billionaire emerges as backer of Bubs’ biggest distributor
Lee Ming Tee is behind the conglomerate that owns InterContinental hotels in Australia, and also appears to be the silent partner in AZ Global.
- Carrie LaFrenz
Bubs’ distributor in China seeking to claw back $20m for unsold stock
In another twist in the battle for Bubs, its key China partner is seeking to return tins of unsold formula and claims Bubs owes it over $20 million.
- Carrie LaFrenz