Bubs’ China problem gets worse

News Snapshot:

Since Bubs on June 30 outlined the dispute, it has axed its relationship with AZ Global. “As a consequence of the excess stock-in-trade and the ongoing dispute with Willis and Alice, sales into China remain subdued. China Q4 gross revenue of $1.4 million was down 96 per cent on prior corresponding period and down 55 per cent on Q3,” Bubs said in a statement. Bubs is seeing “some modest growth and sell-through in [cross-border e-commerce] for Caprilac and the Bubs sales volumes have stabilised (in China). With new trade partners and distributors on board we expect to see our China...