September
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
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
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
June
Bubs blames China sales for milk inventory hit
The move comes amid divisions about the baby formula maker’s approach to doing business in the Asian nation.
- Liam Walsh
- Exclusive
- Bubs Australia
Was Bubs in the dark about Citi’s mandate? Emails indicate no
The company alleges its ex-chief executive and chairman kept details of the appointment from the rest of the board as part of a dispute in the Federal Court.
- Carrie LaFrenz
Bubs chairman loses $1m in share price rout
If any Bubs shareholders are feeling aggrieved at the collapse in the share price of the infant formula maker, chairwoman Katrina Rathie understands their pain.
- Sally Patten
Joe Hockey’s Bondi Partners dragged into Bubs legal dispute
Other allegations in a claim lodged by the company against former executives include wild spending on hotels and at a karaoke bar at Crown Melbourne.
- Carrie LaFrenz
Bubs questions ousted chief’s expensed shopping trip
Bubs’ board has been handed a report prepared by Herbert Smith Freehills, tasked with examining the expenses of the company’s former leaders.
- Myriam Robin
Bubs’ former CEO alleges bullying, harassment
While serious allegations over bullying have been levelled at a director, Bubs has accused its former CEO of excessive spending on her corporate card.
- Carrie LaFrenz and Myriam Robin
