GLOBAL GROWTH, DEVELOPMENT AND EXPANSION
Global Brands Australia (gbA) is continuing to expand its global operations in our key market sectors. The global wellness market now represents revenues of USD4.5 trillion annually (Global Wellness Summit – 2019 Global Wellness Trend Report). gbA’s portfolio of on-trend brands provides our company with substantial opportunities to increase our market performance across the Wellness Sector which has shown exceptional growth over the last 5 years.
gbA’s ongoing efforts in respect of R & D and associated new product development continues to provide significant growth pathways for our existing brand portfolio and has enabled us to expand into other wellness sectors like Dietary, Fitness, Travel, Hotel Amenities and Airline amenities.
Through gbA’s roll-up strategy for potential complimentary brand acquisitions is an ongoing process and has enabled the recent expansion of our Dietary operations in Australia. Our plans to expand operations into China through supermarkets, pharmacy is well underway with contracts already placed for product registration and distribution contracts and sales expected to commence in 2020.
Our cross-border and digital sales platforms continue to show strong double-digit growth and we expect that those platforms will provide the impetus for a significant increase in B to C sales over the next two years.