ASX-LISTED retailer AuMake International and privately owned Chemsave have announced the formation of a strategic partnership aimed at strengthening the brands and broadening their reach among daigou and Chinese tourists.
The combination will see Chemsave's 150 member pharmacies and its online platform chemsave.com.au working together with AuMake's eight retail stores across Sydney.
While initially focusing on the distribution of AuMake's own branded products such as Health Essence health supplements and Medigum Honey, it's envisaged the deal may expand in the future.
The products will become available in Chemsave member pharmacies, opening up a new category according to Chemsave chief Michael Dixon.
He told Pharmacy Daily the two organisations have also identified future strategies involving the entire supply chain to realise further value from the alliance.
The pact commits the companies initially to a two-year arrangement plus a two-year option to extend on a mutually agreed basis.
AuMake has a range of skin, body care and cosmetics as well as dairy products and baby foods including formula and has established itself as a China friendly environment with bilingual staff, multiple payment options including WeChat, Alipay and Unionpay.
The company also offers logistics delivering products anywhere in the world, including China.
The above article was sent to subscribers in Pharmacy Daily's issue from 12 Apr 18
To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 12 Apr 18
