February 1980; 44 years ago (1980-02) in Los Angeles, California, U.S.
Founder
Mark R. Hughes
Headquarters
L.A. Live Los Angeles, California, U.S.; legal domicile: Cayman Islands
Key people
Michael O. Johnson (Chairman & CEO)
Products
Dietary supplements
protein supplements
personal care
sports nutrition
Revenue
US$5.06 billion (2023)[1]
Operating income
US$356 million (2023)[1]
Net income
US$142 million (2023)[1]
Total assets
US$2.80 billion (2023)[1]
Number of employees
8,900+ (2023)[2]
Website
herbalife.com
33°51′26″N118°17′31″W / 33.8572°N 118.2919°W / 33.8572; -118.2919Herbalife Nutrition Ltd., also called Herbalife International, Inc. (with a U.S. subsidiary called Herbalife International of America) or simply Herbalife, is an American multinational multi-level marketing (MLM) corporation that develops and sells dietary supplements. The company has been alleged to have fraudulently operated a pyramid scheme.[3][4] Some products sold by Herbalife have caused acute hepatitis.[5] The business is incorporated in the Cayman Islands, a tax haven, with its corporate headquarters located in Los Angeles, California.
The company was founded by Mark R. Hughes in 1980,[6] and it employs an estimated 9,900 people worldwide. The company operates in 95 countries through a network of approximately 4.5 million independent distributors and members. In October 2022, previous CEO Michael O. Johnson was appointed as Chairman and interim Chief Executive Officer following the departure of John Agwunobi.[7]
Herbalife has been accused of deceiving consumers about potential returns, and that most returns are made from distributors that one recruits. The company agreed to "fundamentally restructure" its business in the United States, and pay a $200 million fine as part of a 2016 settlement with the U.S. Federal Trade Commission (FTC) following these accusations.[8]
^ abcd"Herbalife LTD. Income Statement". Yahoo! Finance. 2017.
^"Herbalife Nutrition Recognized as One of Forbes Magazine's Best Employers". MarketWatch. May 1, 2018. Archived from the original on October 23, 2019. Retrieved October 23, 2019.
^Bartz, Diane; Flaherty, Michael (July 15, 2016). "Herbalife settles pyramid scheme case with regulator, in blow to Pershing's Ackman". Reuters. Retrieved July 15, 2016.
^"Herbalife Will Restructure Its Multi-level Marketing Operations and Pay $200 Million For Consumer Redress to Settle FTC Charges". Federal Trade Commission. July 15, 2016. Retrieved May 9, 2018.
^Elinav, Eran; Pinsker, Galia; Safadi, Rifaat; Pappo, Orit; Bromberg, Michal; Anis, Emilia; Keinan-Boker, Lital; Broide, Efrat; Ackerman, Zvi; Kaluski, Dorit Nitzan; Lev, Boaz; Shouval, Daniel (October 1, 2007). "Association between consumption of Herbalife® nutritional supplements and acute hepatotoxicity". Journal of Hepatology. 47 (4): 514–520. doi:10.1016/j.jhep.2007.06.016. ISSN 0168-8278. PMID 17692424.
^Copage, Eric V. (May 23, 2000). "Mark R. Hughes, 44; Founded Nutrition Supplement Concern". The New York Times. ISSN 0362-4331. Retrieved November 2, 2022.
^"Herbalife Nutrition Announces Leadership Change". www.businesswire.com. October 31, 2022. Retrieved October 31, 2022.
^"It's no longer business as usual at Herbalife: An inside look at the $200 million FTC settlement". Federal Trade Commission. July 15, 2016. Retrieved May 9, 2018.
/ 33.8572; -118.2919 Herbalife Nutrition Ltd., also called Herbalife International, Inc. (with a U.S. subsidiary called Herbalife International of America)...
loss. In December 2012, Ackman issued a research report that criticized Herbalife's multi-level marketing business model, calling it a pyramid scheme. Ackman...
Pershing has launched activist campaigns against McDonald's, Wendy's, and Herbalife. In 2005, Pershing bought a significant share in fast food chain Wendy's...
investigates the allegation that Herbalife is a pyramid scheme, and follows Bill Ackman's short investment in Herbalife, which is ostensibly a billion-dollar...
to work with Herbalife to develop additional supplements focusing on nutrients such as Omega-3 fatty acid and CoQ10. As of 2012, Herbalife has made payments...
Mark R. Hughes, founder of Herbalife, at Beverly Hills Presbyterian Church. The wedding was attended by many of Herbalife's top distributors, and was broadcast...
Shortseller Went Long Herbalife". CNBC. 4 January 2013. Retrieved 5 December 2018. "Bill Ackman Surrenders in his Five-year War Against Herbalife". Wall Street...
Vroman - Nik Caner-Medley James Augustine - CJ Wallace - Jaycee Carroll "Herbalife Gran Canaria is the Spanish Supercup champion!". EuroCup Basketball. 24...
marketing dietary supplement company Herbalife Nutrition. The story questioned whether Villaraigosa's relationship with Herbalife would become a significant hurdle...
NBA Summer League in Las Vegas. He returned to Herbalife Gran Canaria for the 2016–17 season. Herbalife Gran Canaria won the season's curtain raiser competition...
6.6 points and 4.4 assists per game. On July 25, 2020, he signed with Herbalife Gran Canaria of the Spanish Liga ACB. Albicy played with the French national...
Grizzlies for a third time. On December 5, 2016, Hollins signed with Herbalife Gran Canaria for the rest of the 2016–17 ACB season. On March 15, 2017...
Laboral Kutxa Baskonia v Herbalife Gran Canaria Herbalife Gran Canaria v Laboral Kutxa Baskonia Laboral Kutxa Baskonia v Herbalife Gran Canaria FC Barcelona...
Balcerowski started his career in Górnik Wałbrzych, Poland. In 2014, he joined Herbalife Gran Canaria at the age of 14 and entered their youth system. Less than...
Paribas, Celgene, China Construction Bank, Deutsche Bank, FM Global, Herbalife, Amazon, Iliad, KPMG, Maire Tecnimont, Mitsubishi UFJ Financial Group...
Open Cup final, but lost 3–1 against the Chicago Fire. In March 2007, Herbalife signed a five-year deal with the Galaxy, worth between $4–5 million a...
Peterson became a Herbalife salesperson, he recruited Vergara and together they began selling Herbalife products in Mexico. Since Herbalife had not received...
years.[citation needed] Rohn mentored Mark R. Hughes (the founder of Herbalife International) and life strategist Tony Robbins in the late 1970s. Others...
Messi Royal Caribbean Fracht Group LA Galaxy Greg Vanney Maya Yoshida Herbalife — Los Angeles FC Steve Cherundolo Ilie Sánchez BMO Bank Ford Minnesota...
period, she also served as a business consultant and brand ambassador for Herbalife, a global multi-level marketing (MLM) corporation that develops and sells...
which he says is based on marketing methods he used as a distributor with Herbalife.[citation needed] As with other multi-level marketing companies, Omnilife...
co-authored a paper analyzing the death of a woman who died after taking Herbalife's dietary supplements, which was later retracted by Journal of Clinical...
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