Bubs (ASX:BUB) lauches largest baby store in Vietnam

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.
 
Copyright 2019 – Finance News Network

Source: Finance News Network