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Forbidden Foods (ASX:FFF) - Co Founders, Marcus Brown (left) & Jarrod Milani (right) - The Market Herald
Co Founders, Marcus Brown (left) & Jarrod Milani (right)
Source: The Sydney Morning Herald
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  • Forbidden Foods (FFF) enters an exclusive distribution agreement with Moshi Wellness to distribute its products in the Philippines
  • Under the agreement, Moshi will sell and distribute Forbidden Foods' infant and toddler brand FUNCH and plant-based Sensory Mill brands in the Philippines
  • The Philippines is viewed as an attractive market due to its population of 110 million and a growing economy and middle class
  • Forbidden Foods is down 5.77 per cent with shares trading at 24.5 cents at 12:17 pm AEST

Forbidden Foods (FFF) has entered an exclusive distribution agreement with Moshi Wellness to distribute its products in the Philippines.

Based in Manilla, Moshi Wellness is a health and beauty distributor focussed on natural products.

Under the agreement, Moshi will sell, market and distribute Forbidden Foods' infant and toddler brand FUNCH and plant-based Sensory Mill brands in the Philippines.

The Philippines is viewed as an attractive market due to its population of 110 million, a growing middle class and an economy expected to grow at an average rate of 5.5 per cent over the next three years.

Co-Founder and Chief Operating Officer Jarrod Milani hopes this agreement will strengthen the company's presence in Asia.

"We are pleased to make further headway with our Asian strategy through our exclusive sales and distribution partnership with Moshi Wellness in the Philippines for our full range FUNCH and Sensory Mill products," Mr Milani said.

"Moshi Wellness will give us exposure to the top two most popular websites in the country and we have been able to quickly establish our online presence having eCommerce stores setup on Lazada, Shopee and Moshi's own network of online stores giving us instant access to over 90 million monthly visitors."

Forbidden Foods was down 5.77 per cent with shares trading at 24.5 cents at 12:17 pm AEST.

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