Bubs Australia Limited (ASX:BUB) has provided an update on the legal dispute involving Alpha Group and the arbitrations brought by its subsidiary, The Infant Food Co. Pty Limited (IFC), against former customers Alice Trading Limited and Willis Trading Limited. Bubs Australia is a leading infant formula and baby food company dedicated to providing premium nutrition for families. The arbitrations were conducted through the Australian Centre for International Commercial Arbitration.
The company announced that it anticipates recovering A$825,000 from a secured creditor of Willis Trading Limited and its Australian subsidiaries. This recovery is a result of enforcement proceedings initiated in the Federal Court of Australia. The amount is expected to be paid to IFC by December 9, 2025.
However, based on the current financial status of both Alice Trading Limited and Willis Trading Limited, Bubs Australia does not anticipate recovering any further amounts related to the arbitrations beyond the expected A$825,000. The board of directors has approved this announcement.
Further details regarding the initial announcements can be found in the company’s previous statements on April 29, 2025, and the 2025 Annual Report. Media inquiries can be directed to Jackson Eldridge at Sodali & Co, while shareholder inquiries can be addressed to Alex Abeyratne, also at Sodali & Co, or via the provided investor email address.
