Hain Celestial Group, Inc. (HAIN) announced the signing of a joint venture agreement with Hutchison China Meditech Ltd. (HCM.L), the majority owned subsidiary of Hutchison Whampoa Limited.
According to the terms of the agreement, each partner will own 50% of a newly created entity, Hutchison Hain Organic Holdings Limited. China Meditech will market and distribute infant and toddler feeding products co-branded under the Earth's Best and Zhi Ling Tong brand names and market and distribute selected Hain Celestial brands in China and other markets.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.