Herbalife

Herbalife Net Sales Up 7% in First Quarter 2018

Herbalife Building

Los Angeles, California-based Herbalife Nutrition Ltd. has reported financial results for the first quarter ended March 31, 2018. Net sales increased 7 percent over the prior year to $1.2 billion. The company exceeded first quarter net sales guidance as well as the high end of reported and adjusted diluted EPS guidance by 18 cents and…

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DSN Announces the 2018 Global 100!

Since 2004 Direct Selling News has been dedicated to telling stories focused on relating the opportunities direct sellers provide to millions of independent business owners around the globe. So it seemed only fitting for DSN to further recognize the industry by compiling a comprehensive list, starting in 2010, of the top direct selling companies in the world.

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Public Direct Sellers End 2017 on a Strong Note

Douglas M. Lane, CFA, is a securities analyst with more than 20 years of experience covering companies that employ the direct selling business model. He leads a boutique equity research firm, Lane Research, focusing on those companies. His website is www.laneres.com, and he can be reached at doug@laneres.com. The six publicly traded direct selling companies…

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Herbalife Family Foundation Raises $1.8 Million to Support Underserved Children

Herbalife Children Faces

Herbalife Nutrition, a Los Angeles-based health and wellness brand, announced that the Herbalife Family Foundation (HFF) raised $1.8 million at its annual gala fundraiser to support more than 130 nonprofit partners in 50 countries around the world. Through its Casa Herbalife Program, HFF commits ongoing support to its charity partners, which include orphanages, community centers and hospitals,…

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Hedge Fund Manager Ackman Exits Losing Bet Against Herbalife

Herbalife Building

On Wednesday, Feb. 28, hedge fund manager William Ackman told CNBC’s Scott Wapner that his Pershing Square Capital company has exited its bet against Los Angeles-based nutritional supplement maker Herbalife. The announcement came five years after Ackman’s on-air verbal confrontation with billionaire Carl Icahn, an Herbalife investor, on CNBC. In December 2012, Ackman launched a…

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Herbalife Announces Name Change, Initiatives to Enhance Shareholder Value

Herbalife Nutrition Logo

Los Angeles-based Herbalife Ltd. has announced its intention to change the company name to Herbalife Nutrition Ltd. In addition, the third-largest direct selling company in the world announced several strategies designed to enhance shareholder value. According to the company, the name change to Herbalife Nutrition Ltd. reflects the company’s commitment to leadership and expertise in the field…

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Herbalife Reports Q4 Net Sales Growth of 4.6%; Full-Year Decrease of 1.4%

Herbalife Building

Herbalife Ltd. has released financial results for the fourth quarter and full year ended December 31, 2017. The Los Angeles-based company reported fourth quarter 2017 net sales of $1.1 billion, an increase of 4.6 percent, while net sales for full-year 2017 were $4.4 billion, a decrease of 1.4 percent compared to full-year 2016. “After a year of transition, we returned to net…

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Herbalife Nutrition Establishes New $90 Million China Growth and Impact Investment Fund

Shanghai Skyline

Herbalife Ltd., a Los Angeles, California-based health and wellness company, has created its first-ever “China Growth and Impact Investment Fund” to stimulate the development of its business and accelerate growth in China as well as help address challenging public-policy issues such as the rise in obesity. Funds for this new initiative were granted to Herbalife Nutrition by governments in China as part of…

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Herbalife Nutrition Names Rich Libby As CIO

Herbalife Nutrition Logo

Rich Libby has joined Herbalife Nutrition as chief information officer. Libby, who will be based at the company’s headquarters in downtown Los Angeles, will have global responsibility for the design, execution and support of Herbalife’s technology strategy. “We are excited to have Rich, a talented and respected leader in the industry, join our team,” said Dave Pezzullo, chief operating…

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