EU Business Round-Up: BioGaia Seeks Bigger Slice Of UK, Acino Gets Middle East Backers, Boots Moves Into Advertising
The latest European consumer health business news: BioGaia to distribute full probiotics portfolio in the UK; UAE's ADQ snaps up Switzerland's Acino; and Boots launches a personalized ad offering in the UK.
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Swedish probiotics player BioGaia reported a big rise in sales in Q1 thanks to the end of pandemic restrictions in Europe and the growth of its operations in the US.
South Africa’s Aspen Pharmacare is continuing along the path of offloading assets that no longer fit into its strategy, using the proceeds to pay off its substantial debt pile and reinvest in areas of greater strategic focus. Half-a-dozen products currently offered in its local market are now on their way to Switzerland’s Acino.
BioGaia is now the market leader in Brazil's probiotics category, and has taken second position in the wider Latin American region, thanks to strong growth in the first half of 2021.