Herbalife
Coordinates: 33°51′26″N 118°17′31″W / 33.857195°N 118.291855°W / 33.857195; -118.291855
Herbalife International (NYSE: HLF) is a multi-level marketing company that sells nutrition, weight management and skin-care products. The company was founded in 1980 and it employs around 5,000 people worldwide. Herbalife reported net sales of US$3.45 billion in 2011 with a retail sales turn over of US$5.1 billion with an increase of US$1.1 billion retail sales on 2010. Though incorporated in the Cayman Islands, its corporate headquarters are in Los Angeles, California, United States.
The company distributes its products in 84 countries (As of July 2012) through a network of approximately 2.7 million independent distributors, some of whom earn profit on product sales and additional commission from a multi-level marketing (MLM) compensation structure.
Read more about Herbalife: History, Products, Efficacy of Herbalife Products For Weight Loss, Global Locations, Adverse Effects, Herbalife and Liver Disease, Business Model, Criticism, Charity
Other articles related to "herbalife":
... In 2004 Israel's Health Minister began an investigation against Herbalife's products after four persons using Herbalife's products were found to have liver problems ... Herbalife's products were accused of containing toxic ingredients such as Qua-qua, Kompri, and Kraska ... press release stating that the Israeli government, and scientists working with Herbalife, were unable to establish a link between the product and the eight cases of liver damage ...
... watchdog organization, reported that laboratory test results of Herbalife products showed lead levels in excess of limits established by law in California under Proposition 65 ... company was profiting from the allegations by shorting Herbalife stock ... Herbalife responded stating its products met federal FDA requirements and released independent laboratory tests it said proved the products did not exceed Proposition 65 limits ...
... Herbalife is a multi-level marketing (sometimes called MLM or network marketing) company ... In addition to profits from product sales, Herbalife distributors can earn additional commissions from sales by their 'downline' distributors ... effort to curb abuses by individual distributors, though Herbalife has consistently denied such allegations ...
... December 2012, Ackman issued and presented a research report that is critical of Herbalife's multi-level marketing business model, calling it a pyramid scheme ... Herbalife's management disputes the premise and ensuing conclusion of the report, i.e ... Ackman's position on Herbalife led to a rancorous showdown on live television with an Herbalife supporter, Carl Icahn ...
... The Herbalife Family Foundation was created in 1994 by Herbalife founder Mark Hughes ... The Herbalife Family Foundation creates partnerships with charities to help meet the nutritional needs of children at risk ... The Herbalife Family Foundation is a global non-profit organization working in communities around the world ...