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Herbalife Nutrition

Index Herbalife Nutrition

Herbalife Nutrition is a global multi-level marketing corporation that develops, markets, and sells nutrition supplements, weight management, sports nutrition, and personal-care products. The company was founded by Mark Hughes in 1980, and it employs an estimated 8,000 people worldwide. Herbalife reported net sales of US$4.488 billion in 2016, flat with 2015, and net income of $260.0 million, down 23% from the year prior. The business is incorporated in the Cayman Islands, with its corporate headquarters located Los Angeles, California. The company operates in 95 countries (as of July 2015) through a network of approximately 3.2 million independent distributors. The company agreed to "fundamentally restructure" its business and pay a $200 million fine as part of a 2016 settlement with the U.S. Federal Trade Commission (FTC) following accusations of it being a pyramid scheme. As part of the settlement, the FTC dropped its claim that Herbalife was a pyramid scheme without a specific finding of fact on the matter. The FTC said in a press release about the settlement "it’s virtually impossible to make money selling Herbalife products.". [1]

82 relations: Bank of America Merrill Lynch, Barry Minkow, Belgium, Betting on Zero, Bill Ackman, Bloomberg L.P., Bloomberg News, Brussels, California, California Proposition 65 (1986), Carl Icahn, Cayman Islands, Changsha, Chief executive officer, Commercial Court (Belgium), Cristiano Ronaldo, David Einhorn (hedge fund manager), Department of Justice (Canada), Direct selling, Direct Selling Association, Doxepin, FC Barcelona, Federal Trade Commission, Fraud Discovery Institute, Freedom of Information Act (United States), George Soros, Golden Gate Capital, Halal, Heart, Hepatitis, Hepatotoxicity, HuffPost, Human digestive system, Hunan, Illinois, Inc. (magazine), Insider trading, J.H. Whitney & Company, Kashrut, KPMG, L.A. Live, LA Galaxy, Lake Forest, California, Last Week Tonight with John Oliver, Latino, Lionel Messi, Los Angeles, Los Angeles Business Journal, Los Angeles Times, Major League Soccer, ..., Mark R. Hughes, Meal replacement, Michael O. Johnson, Multi-level marketing, Nanjing, NASDAQ, New York Post, New York Stock Exchange, Newsweek, Nutrition, Pershing Square Capital Management, Personal care, Post Holdings, PricewaterhouseCoopers, Public company, Put option, Pyramid scheme, Reuters, Richard C. Perry, Russell 1000 Index, Sales (accounting), Short (finance), Skechers, Sports nutrition, Suzhou, Ted Braun, The Wall Street Journal, The Walt Disney Company, U.S. Securities and Exchange Commission, United States, United States dollar, Winston-Salem, North Carolina. Expand index (32 more) »

Bank of America Merrill Lynch

Bank of America Merrill Lynch is an American multinational investment bank under the auspices of Bank of America.

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Barry Minkow

Barry Jay Minkow (born March 22, 1966) is a former American businessman, pastor, and convicted felon.

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Belgium

Belgium, officially the Kingdom of Belgium, is a country in Western Europe bordered by France, the Netherlands, Germany and Luxembourg.

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Betting on Zero

Betting on Zero is a 2016 American documentary directed by Ted Braun.

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Bill Ackman

William Albert Ackman (born May 11, 1966) is an American billionaire investor, hedge fund manager, and philanthropist.

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Bloomberg L.P.

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

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Bloomberg News

Bloomberg News is an international news agency headquartered in New York, United States and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets, Bloomberg.com and Bloomberg's mobile platforms.

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Brussels

Brussels (Bruxelles,; Brussel), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (Région de Bruxelles-Capitale, Brussels Hoofdstedelijk Gewest), is a region of Belgium comprising 19 municipalities, including the City of Brussels, which is the de jure capital of Belgium.

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California

California is a state in the Pacific Region of the United States.

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California Proposition 65 (1986)

Proposition 65 (formally titled The Safe Drinking Water and Toxic Enforcement Act of 1986) is a California law passed by direct voter initiative in 1986 by a 63%–37% vote.

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Carl Icahn

Carl Celian Icahn (born February 16, 1936) is an American businessman, investor, and philanthropist.

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Cayman Islands

The Cayman Islands is an autonomous British Overseas Territory in the western Caribbean Sea.

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Changsha

Changsha is the capital and most populous city of Hunan province in the south central part of the People's Republic of China.

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Chief executive officer

Chief executive officer (CEO) is the position of the most senior corporate officer, executive, administrator, or other leader in charge of managing an organization especially an independent legal entity such as a company or nonprofit institution.

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Commercial Court (Belgium)

The Commercial Court (Rechtbank van koophandel, Tribunal de commerce, Handelsgericht) in Belgium is a court which deals with commercial litigation that exceeds the competence of the Justice of the Peace and hears appeals against the decisions of the Justice of the Peace in commercial cases.

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Cristiano Ronaldo

Cristiano Ronaldo dos Santos Aveiro (born 5 February 1985) is a Portuguese professional footballer who plays as a forward for Spanish club Real Madrid and the Portugal national team.

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David Einhorn (hedge fund manager)

David M. Einhorn (born November 20, 1968) is an American investor, hedge fund manager, and philanthropist.

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Department of Justice (Canada)

The Department of Justice (Ministère de la Justice) is the department of the Government of Canada that represents the Canadian government in legal matters.

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Direct selling

Modern direct selling includes sales made through the party plan, one-on-one demonstrations, and other personal contact arrangements as well as internet sales.

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Direct Selling Association

The Direct Selling Association (DSA) is the name of several similar trade associations in the United States, United Kingdom, Australia, Malaysia, Singapore, and New Zealand that represent direct selling companies, primarily those that use multi-level marketing compensation plans.

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Doxepin

Doxepin is a tricyclic antidepressant (TCA) used as a pill to treat major depressive disorder, anxiety disorders, chronic hives, and for short-term help with trouble remaining asleep after going to bed (a form of insomnia).

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FC Barcelona

Futbol Club Barcelona, commonly known as Barcelona and familiarly as Barça, is a professional football club based in Barcelona, Catalonia, Spain.

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Federal Trade Commission

The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act.

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Fraud Discovery Institute

The Fraud Discovery Institute was an investigative unit that sought to assist in the prosecution of perpetrators of corporate fraud.

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Freedom of Information Act (United States)

The Freedom of Information Act (FOIA),, is a federal freedom of information law that allows for the full or partial disclosure of previously unreleased information and documents controlled by the United States government.

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George Soros

George Soros, Hon (Soros György,; born György Schwartz; August 12, 1930) is a Hungarian-American investor, business magnate, philanthropist, political activist and author.

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Golden Gate Capital

Golden Gate Capital is an American private equity firm based in San Francisco.

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Halal

Halal (حلال, "permissible"), also spelled hallal or halaal, refers to what is permissible or lawful in traditional Islamic law.

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Heart

The heart is a muscular organ in most animals, which pumps blood through the blood vessels of the circulatory system.

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Hepatitis

Hepatitis is inflammation of the liver tissue.

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Hepatotoxicity

Hepatotoxicity (from hepatic toxicity) implies chemical-driven liver damage.

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HuffPost

HuffPost (formerly The Huffington Post and sometimes abbreviated HuffPo) is a liberal American news and opinion website and blog that has both localized and international editions.

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Human digestive system

The human digestive system consists of the gastrointestinal tract plus the accessory organs of digestion (the tongue, salivary glands, pancreas, liver, and gallbladder).

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Hunan

Hunan is the 7th most populous province of China and the 10th most extensive by area.

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Illinois

Illinois is a state in the Midwestern region of the United States.

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Inc. (magazine)

Inc. is an American weekly magazine which publishes about small businesses and startups.

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Insider trading

Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) by individuals with access to nonpublic information about the company.

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J.H. Whitney & Company

J.H. Whitney & Company is a venture capital firm in the U.S., founded in 1946 by John Hay Whitney and his partner Benno Schmidt.

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Kashrut

Kashrut (also kashruth or kashrus) is a set of Jewish religious dietary laws.

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KPMG

KPMG is a professional service company and one of the Big Four auditors, along with Deloitte, Ernst & Young (EY), and PricewaterhouseCoopers (PwC).

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L.A. Live

L.A. LIVE is an entertainment complex in the South Park District of Downtown Los Angeles, California.

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LA Galaxy

LA Galaxy, also known as the Los Angeles Galaxy, is an American professional soccer franchise based in the Los Angeles suburb of Carson, California that competes in Major League Soccer (MLS), as a member of the Western Conference.

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Lake Forest, California

Lake Forest is a city in Orange County, California.

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Last Week Tonight with John Oliver

Last Week Tonight with John Oliver (often abridged as Last Week Tonight) is an American late-night talk and news satire television program hosted by comedian John Oliver.

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Latino

Latino is a term often used in the United States to refer to people with cultural ties to Latin America, in contrast to Hispanic which is a demonym that includes Spaniards and other speakers of the Spanish language.

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Lionel Messi

Lionel Andrés Messi Cuccittini (born 24 June 1987) is an Argentine professional footballer who plays as a forward for Spanish club Barcelona and the Argentine national team.

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Los Angeles

Los Angeles (Spanish for "The Angels";; officially: the City of Los Angeles; colloquially: by its initials L.A.) is the second-most populous city in the United States, after New York City.

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Los Angeles Business Journal

The Los Angeles Business Journal, established in 1979, is a weekly newspaper and online news source in Los Angeles, California, which provides award-winning comprehensive coverage of local business news.

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Los Angeles Times

The Los Angeles Times is a daily newspaper which has been published in Los Angeles, California since 1881.

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Major League Soccer

Major League Soccer (MLS) is a men's professional soccer league sanctioned by U.S. Soccer that represents the sport's highest level in both the United States and Canada.

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Mark R. Hughes

Mark Reynolds Hughes (January 1, 1956 – May 21, 2000) was an American businessman who was the founder, chairman and CEO of Herbalife International Ltd, a multi-level marketing company.

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Meal replacement

A meal replacement is a drink, bar, soup, etc.

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Michael O. Johnson

Michael O. Johnson is an American entrepreneur and business executive.

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Multi-level marketing

Multi-level marketing (MLM) also called pyramid selling, network marketing, and referral marketing, is a marketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company's products/services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system.

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Nanjing

Nanjing, formerly romanized as Nanking and Nankin, is the capital of Jiangsu province of the People's Republic of China and the second largest city in the East China region, with an administrative area of and a total population of 8,270,500.

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NASDAQ

The Nasdaq Stock Market is an American stock exchange.

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New York Post

The New York Post is the fourth-largest newspaper in the United States and a leading digital media publisher that reached more than 57 million unique visitors in the U.S. in January 2017.

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New York Stock Exchange

The New York Stock Exchange (abbreviated as NYSE, and nicknamed "The Big Board"), is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York.

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Newsweek

Newsweek is an American weekly magazine founded in 1933.

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Nutrition

Nutrition is the science that interprets the interaction of nutrients and other substances in food in relation to maintenance, growth, reproduction, health and disease of an organism.

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Pershing Square Capital Management

Pershing Square Capital Management is an American hedge fund management company founded and run by Bill Ackman, located at 888 7th Avenue in New York.

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Personal care

Personal care or toiletries are consumer products used in personal hygiene and for beautification.

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Post Holdings

Post Holdings (officially Post Holdings, Inc.) is a consumer packaged goods holding company headquartered in the suburban St.

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PricewaterhouseCoopers

PricewaterhouseCoopers (doing business as PwC) is a multinational professional services network headquartered in London, United Kingdom.

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Public company

A public company, publicly traded company, publicly held company, publicly listed company, or public corporation is a corporation whose ownership is dispersed among the general public in many shares of stock which are freely traded on a stock exchange or in over the counter markets.

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Put option

In finance, a put or put option is a stock market device which gives the owner of a put the right, but not the obligation, to sell an asset (the underlying), at a specified price (the strike), by a predetermined date (the expiry or maturity) to a given party (the seller of the put).

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Pyramid scheme

A pyramid scheme (commonly known as pyramid scams) is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services.

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Reuters

Reuters is an international news agency headquartered in London, United Kingdom.

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Richard C. Perry

Richard Cayne Perry (born 1955) is an American hedge fund manager whose firm Perry Capital LLC has invested in several companies and, since 2012, owns a controlling interest in Barneys New York.

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Russell 1000 Index

The Russell 1000 Index is a stock market index that represents the highest-ranking 1,000 stocks in the Russell 3000 Index, which represents about 90% of the total market capitalization of that index.

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Sales (accounting)

In bookkeeping, accounting, and finance, Net sales are operating revenues earned by a company for selling its products or rendering its services.

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Short (finance)

In finance, a short sale (also known as a short, shorting, or going short) is the sale of an asset (securities or other financial instrument) that the seller does not own.

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Skechers

Skechers USA Inc. is an American lifestyle and performance footwear company.

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Sports nutrition

Sports nutrition is the study and practice of nutrition and diet with regards to improving anyone's athletic performance.

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Suzhou

Suzhou (Wu Chinese), formerly romanized as Soochow, is a major city located in southeastern Jiangsu Province of East China, about northwest of Shanghai.

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Ted Braun

Theodore Braun is an American film director and screenwriter best known for his Image Award-winning documentary film Darfur Now.

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The Wall Street Journal

The Wall Street Journal is a U.S. business-focused, English-language international daily newspaper based in New York City.

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The Walt Disney Company

The Walt Disney Company, commonly known as Disney, is an American diversified multinational mass media and entertainment conglomerate, headquartered at the Walt Disney Studios in Burbank, California.

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U.S. Securities and Exchange Commission

The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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United States dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution since 1792.

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Winston-Salem, North Carolina

Winston-Salem is a city in and the county seat of Forsyth County, North Carolina, United States. With a 2015 estimated population of 241,218, it is the second largest municipality in the Piedmont Triad region and the 5th-most populous city in North Carolina, and the 89th-most populous city in the United States. Winston-Salem is home to the tallest office building in the region, 100 North Main Street, formerly the Wachovia Building and now known locally as the Wells Fargo Center. Winston-Salem is called the "Twin City" for its dual heritage and "City of the Arts and Innovation" for its dedication to fine arts and theater and technological research. "Camel City" is a reference to the city's historic involvement in the tobacco industry related to locally based R. J. Reynolds Tobacco Company's Camel cigarettes. Many locals refer to the city as "Winston" in informal speech. Another nickname, "the Dash," comes from the (-) in the city's name, although technically it is a hyphen, not a dash; this nickname is only used by the local minor league baseball team, the Winston-Salem Dash. In 2012, the city was listed among the 10 best places to retire in the U.S. by CBS MoneyWatch.

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References

[1] https://en.wikipedia.org/wiki/Herbalife_Nutrition

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