Founded in 1969. Acquired by Hong Kong-based Biostime in 2015 for AU$1.67 billion.
|Swisse Wellness Pty Ltd||AUS||website|
| Biostime International Holdings Ltd
owns 100% of Swisse Wellness Pty Ltd
|Swisse Wellness Pty Ltd|
In 2013, 2012, 2011 and 2010 the Therapeutic Goods Administration's Complaints Resolution Panel upheld complaints about seven ads by this company on the grounds that they breached advertising codes. The Panel requested this company withdraw the ads and not to use representations in the ads again.
[Source 2013][More on Irresponsible Marketing]
|Biostime International Holdings Ltd|
|# Employees||150 in 2015|
|Address||36-38 Gipps St, Collingwood , VIC , 3066, Australia|
|Phone||03 9418 6767|
|Fax||03 9418 6757|
|Freecall||1800 670 680|
Products / BrandsSwisse
Swisse now foreign owned
8th Oct 2015 — Hong Kong-listed company Biostime International Holdings on Thursday won the auction to buy Swisse, beating out two Chinese companies, Hony Capital and manufacturer Shanghai Pharma, on the way. Swisse will remain based in Melbourne, with a head office in Collingwood, but 83 per cent of the company is now in the hands of Biostime.
The Swisse deal highlights the demand for Australian brands and products in China, which are regarded as "clean and green" when compared with domestic produce.
See more about the companies behind health supplements at Shop Ethical! vitamins comparison page.[source]