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Border closures, Vic lockdown hits a2 Milk’s China ‘personal shopper’ market – NEWS.com.au

Border closures, Vic lockdown hits a2 Milk’s China ‘personal shopper’ market

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Border closures and lockdowns have hit a2 Milks baby formula sales as it misses out on personal shoppers who send it back to China.The New Zealand-based company’s shares plunged more than 10 per cent after it reported lower than anticipated sales to daigous – people who go overseas to buy products, then resell them back home – so far this financial year due to reduced tourism from China and international student numbers.
A2 Milk said the daigou market represented a significant proportion of its…

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