Blackmores Explained

Blackmores
Type:Subsidiary
Industry:Health supplement
Founded:1938
Founder:Maurice Blackmore
Hq Location City:Sydney
Hq Location Country:Australia
Revenue:$650 million
Revenue Year:2021/22
Profit:$57 million
Profit Year:2021/22
Num Employees:1,200
Num Employees Year:June 2022

Blackmores Limited is an Australian health supplements company founded in 1938 by naturopath Maurice Blackmore (1906–1977), when Blackmore opened the first health food shop in Australia in Brisbane.[1] [2] It manufactures an extensive range of vitamin, mineral and herbal supplements, sold in 17 markets[3] across the Asia Pacific region.

In May 1985 it was listed on the Australian Securities Exchange. In 2017, Blackmores was inducted into the Queensland Business Leaders Hall of Fame.[4]

In April 2023, Kirin launched a takeover bid for Blackmores.[5] On August 9, it was announced that the purchase had been completed.[6]

External links

Notes and References

  1. Web site: Marcus Blackmore: the medicine man. Sydney Morning Herald. David. Leser. 18 December 2014.
  2. Web site: Demand for Health Supplements Propels Marcus Blackmore onto Aussie's Richest. Schmidt. Lucinda. 27 Jan 2016. Forbes. 6 Aug 2017.
  3. Web site: Performance Data. Blackmores. 17 December 2022.
  4. Web site: Blackmores. Queensland Business Leaders Hall of Fame. 6 August 2017.
  5. Web site: Carey . Alexis . 2023-04-27 . Australia's Blackmores vitamins snapped up by Japanese beer juggernaut in $1.88b takeover . 2023-04-27 . News.com.au.
  6. Web site: Kirin Health Science Australia Pty Ltd completed the acquisition of Blackmores Limited from AustralianSuper Pty Ltd., FIL Limited, Marcus Charles Blackmore and others. . Market Screener. 2023-12-15. en-US.