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Former Chairman of the Singapore Exchange, Ko Zongsheng, joins UBS | Lianhe Zaobao

The former chairman of the Singapore Exchange, Koh Cheng Boon, will assume the position of Chairman of UBS Group AG for Singapore and Southeast Asia, effective December 1. He will be responsible for strategic guidance, supporting UBS's growth and innovation in the region, and nurturing the next generation of leaders. Koh Cheng Boon has extensive leadership experience and has served as chairman of several major listed companies

Zaobao·
US
UBS
-3.69%
Zaobao·
US
UBS
-3.69%

Key facts: Nestle reviews low-growth brands; French court favors Perrier; Public Eye critiques Cerelac sugar

Nestle is reviewing its low-growth brands in vitamins and supplements, possibly selling Nature’s Bounty, Osteo Bi-Flex, and Puritan’s Pride, as stated by new CEO Philipp Navratil.1A French court dismissed a case against Nestle's Perrier, allowing uninterrupted sales. The ruling emphasized Perrier's safety and ordered the consumer group to cover Nestle's legal costs.2Public Eye accused Nestle of selling infant cereal in Africa with higher sugar levels than in developed markets, with over 90% of Cerelac products averaging nearly six grams per serving.3

TradingView·
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TradingView·
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+0.68%
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NGO accuses Nestle of higher added sugar in baby products sold in Africa

NGO accuses Nestle of higher added sugar in baby products sold in Africa

marketscreener·
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marketscreener·
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Analysis-As wellness trends go upscale, Nestle's mass-market vitamins lose some shine

Nestle is reviewing its low-growth, low-margin vitamin brands for a potential sale, focusing on premium labels instead. The shift towards science-backed supplements complicates selling mainstream brands like Nature's Bounty. The fragmented market and regulatory uncertainties add risks. Private equity may be interested, but valuations could be lower. The global supplement market is expected to grow significantly, attracting buyout funds despite challenges.

fidelity·
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fidelity·
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+0.68%

Is Perrier 'natural' mineral water? French court to decide

A French court will decide if Perrier must withdraw its bottled water after UFC-Que Choisir challenged its 'natural' label, alleging deceptive marketing. Nestle defends its microfiltration process, claiming it preserves minerality. The case follows a scandal over illegal water treatments. Nestle has adjusted its filtration system and awaits approval from local authorities for continued production.

Reuters·
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Reuters·
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