Herbalife Nutrition announced that John Agwunobi has assumed the role of chief executive officer (CEO), succeeding Michael Johnson. The company previously announced the planned succession of Michael Johnson on October 29, 2019. After 17 years at the company, Johnson retires as CEO effective March 30, and will retire as chairman on April 29, 2020. Having dedicated his life to improving people’s health, as a…

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Herbalife Nutrition, along with the Herbalife Nutrition Foundation (HNF), announced it has a new nonprofit partner, The Hunger Project, under its Nutrition for Zero Hunger (NFZH) initiative. The Foundation has made an initial donation of $30,000 to fund the organization’s women-centered, community-led development and educational programs. Together they will invest in rural communities around the world affected by food insecurity and…

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Herbalife Nutrition Ltd.  announced its executives will present at the 2020 Consumer Analyst Group of New York (CAGNY) Investor Conference on February 20, 2020. The presentation at the CAGNY Conference will be delivered by incoming CEO, Dr. John Agwunobi, current Co-President and Chief Strategic Officer John DeSimone and Senior Vice President of Finance and Strategic Planning Alex Amezquita. The executives will discuss the…

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Herbalife Nutrition announced JDRF (formerly the Junior Diabetes Research Foundation) as the official nonprofit partner of the 2020 Herbalife24 Triathlon Los Angeles. The event will take place on Sunday, May 17, 2020. “We are proud to work with an organization dedicated to ensuring no child has to live with type 1 diabetes,” said Ibi Montesino, senior vice…

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CID

The recent FTC actions against Advocare and Neora underscore how critically important it is for direct selling to avoid becoming ensnared in an FTC investigation Neora’s recent lawsuit challenging the FTC’s enforcement authority is a welcome and needed response to what appears to be increasing regulatory overreach and efforts by the FTC to improperly legislate…

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The Securities and Exchange Commission announced that Herbalife Nutrition Ltd.—a direct selling company with operations in over 90 countries— has agreed to pay $20 million to settle charges that it made false and misleading statements about its China business model in numerous U.S. regulatory filings over a six-year period. According to the SEC’s order, in…

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Herbalife Nutrition Ltd. (NYSE: HLF) recently reported net sales of $1.2 billion for the second quarter ended June 30, 2019. Net sales decreased 3.5 percent compared to the second quarter 2018. Excluding China, net sales increased 5.4 percent compared to the second quarter 2018 with growth in eight of the company’s top ten countries. “Our…

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China

Public direct sellers: China issues have direct selling stocks starting 2019 off slowly; rideshare unicorn IPOs banged up in the public markets. China Issues Plague Direct Selling Stocks Our proprietary index of Direct Selling stocks continues to lag the S&P 500 so far this year through mid-May, down 3 percent versus +13 percent for the…

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In conjunction with its annual meeting, the U.S. Direct Selling Association (DSA), announced top honors to the industry’s standout companies at its 2019 DSA Awards gala in Austin, Texas. In addition, the Direct Selling Education Foundation(DSEF) announced three new inductees to its prestigious Circle of Honor. DSA Awards DSA Awards recognize the outstanding programs DSA…

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Public Direct Sellers: Business Slowed a Bit in the Fourth Quarter; Lots of Changes at Nu Skin Under CEO Ritch Wood as the Company Reinvents Itself for the Digital Age. Nu Skin Enterprises held an Investor Day at its headquarters in Provo, UT, at the end of February. Nearly two years into Ritch Wood’s tenure…

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