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Herbalife International is a
global company that sells weight management, nutritional supplement
and personal-care products. The company was founded by Mark Hughes who
began selling the original Herbalife weight loss product in 1980. By
1982, Herbalife had reached $2,000,000 in sales and opened its first
distributorship outside of the United States in Canada. In 1986
Herbalife became a publicly traded company on the NASDAQ. In 1996
Herbalife reached $1,000,000,000 in annual sales. On December 16, 2004
the company had an initial public offering on the
NYSE (HLF symbol, see insert) of 14,500,000 common shares at $14/share. Net sales in 2004
was reported at $1.3 billion. In April 2005, the company celebrated
its 25th anniversary. Since then the company stock value has risen
steadily.
In 2003, Michael O. Johnson joined Herbalife as CEO following a
17-year career with The Walt Disney Company, primarily as President of
Walt Disney International. In August 2005, Dr. Steve Henig joined the
company as Chief Scientific Officer, responsible for product research
and development.
As part of Herbalife's corporate philosophy to be a socially
responsible corporate leader in the community, the
Herbalife Family Foundation (dedicated to helping children) was
started. The organization receives charitable donations from Herbalife
itself as well as individuals within and outside the company. The
Herbalife Family Foundation has donated more than $6.5 million to
children's causes worldwide.
The company is headquartered in Los Angeles, California and employs
3500 worldwide. Products are distributed in 65 countries exclusively through a
network of Herbalife independent distributors.
Herbalifes
Commitment to Science
Herbalife’s commitment to science is a driving force behind its
world-class products. Led by top product developers and scientists in
their fields, Herbalife's internal development teams have created such
notable products as Garden 7® and Liftoff®.*
Product development
After the initial conception stage, a team of R&D developers and
scientists use the most advanced technologies available in the
formulation and development process, continually testing for taste,
efficacy, and creating overall quality. The Scientific Affairs Group
works closely with R&D in establishing the appropriate ingredients to
ensure safety, dose and claims substantiation with support of clinical
data.
Manufacturing and quality assurance
Throughout the manufacturing process, Herbalife’s commitment to
quality continues as it strive towards strict adherence to Good
Manufacturing Practices (GMP) and ongoing testing of products by its
Quality Assurance team.
The science behind the success
Herbalife's science-based approach to product development builds upon
its mission to provide the best nutrition and weight management
products in the world. Herbalife product developers and scientists are
dedicated to creating products that exceed customer expectations and
advance the field of nutritional science. |
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