H&H Group

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Owned	HKG
Rating

Infant formula

Formerly Biostime. Hong Kong listed Chinese dietary supplements and infant formula producer. Acquired 83% of Swisse in 2015.

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PRAISE	CRITICISM	INFORMATION
Health and Happiness (H&H) International Holdings Ltd
	Price fixing in China In 2013 Chinese authourities fined six companies including this one, a total of US$110 million following an investigation into price fixing and anti-competitive practices by foreign baby formula makers. [Source 2013][More on Governance]	Biostime China Foundation for Mother & Child The BIOSTIME China Foundation for Mother & Child was established in 2007 in partnership with the Red Cross Sociaty of China. [Source 2015][More on Finance] Sustainability Consortium member This company is a member of The Sustainability Consortium, an organization of diverse global participants that work collaboratively to build a scientific foundation that drives innovation to improve consumer product sustainability. They develop transparent methodologies, tools, and strategies to drive a new generation of products and supply networks that address environmental, social, and economic imperatives. [Source 2019][More on Multi-Stakeholder Initiatives]

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Related News

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.