Both companies say they are «monitoring» the progress of the joint venture known as Bemore Partnership Pty Ltd, which sells a range of
Blackmores branded infant formula products.
Blackmores branded infant formula has just been launched in Singapore but the joint venture set up with Bega Cheese two years ago has been a big disappointment.
Not exact matches
A
Blackmores spokeswoman said on Wednesday the
infant formula
brand had just been launched into the Singapore market and further expansion was planned this financial year in other export markets.
The two companies trumpeted their move into
branded infant formula in October, 2015, with the
Blackmores branded range.
A prominent investment bank is tipping
Blackmores shares to surge to $ 225 before the end of 2016 after the company unveiled its much - anticipated
brand of
infant formula.
Bega also noted the importance of the formation of a joint arrangement with
Blackmores, in which Bega and
Blackmores share equally in the
branding, selling, marketing and distribution of
branded infant and nutritionals formula in the domestic and export markets.