Herbalife Continues to Grow Presence in China with Approval for Direct Sales in Three More Provinces
August 10 2016 - 9:30AM
Business Wire
Herbalife (NYSE: HLF), a global nutrition company, has won
approval from China’s Ministry of Commerce to operate in three
additional provinces with a population of about 57 million, which
will contribute to our growth plans in the country.
The Gansu, Ningxia and Inner Mongolia provinces, which include
three provincial capital cities and 16 districts, have completed
their service outlet reviews that permit Herbalife to conduct
direct selling activities.
China’s Ministry of Commerce granted the permits after reviewing
the current business practices of Herbalife in the country.
Herbalife has 300,000 service providers in China and licenses to
operate in 25 other provinces.
“These approvals are a testament to our success in China and our
future growth plans,” said Michael O. Johnson, chairman and CEO of
Herbalife.
To meet increasing demand, in July Herbalife began operations at
its newest facility in Nanjing, a 372,000-square-foot factory that
will double Herbalife’s production capacity in China. Herbalife
also operates factories in Changsha and Suzhou, and the three
facilities combined can produce 60 million units annually.
Altogether, Herbalife employs more than 1,300 people in China,
including 124 at its new facility in Nanjing.
“Our business continues to expand as more consumers see
Herbalife as a trusted, convenient and accessible nutrition brand,”
said Jerry Li, senior vice president and manager of China
operations for Herbalife. “Our nutrition clubs and preferred
customer loyalty program are aimed at engaging Chinese consumers in
improving their well-being and weight.”
Besides the three provinces, Herbalife is licensed to operate in
these 25 provinces: Jiangsu, Shandong, Zhejiang, Guangdong,
Guizhou, Beijing, Fujian, Sichuan, Hubei, Shan'xi, Jiangxi,
Liaoning, Jilin, Henan, Chongqing, Shanghai, Tianjin, Shanxi,
Hebei, Heilongjiang, Hunan, Anhui, Guangxi, Hainan and Yunnan.
Herbalife also has manufacturing facilities in Lake Forest,
California, and Winston-Salem, North Carolina.
About Herbalife:
Herbalife is a global nutrition company that has been changing
people's lives with great products since 1980. Our nutrition,
weight-management, energy and fitness and personal care products
are available exclusively to and through dedicated Herbalife
Independent Members in more than 90 countries. We are committed to
fighting the worldwide problems of poor nutrition and obesity by
offering high-quality products, one-on-one coaching with an
Herbalife Member and a community that inspires customers to live a
healthy, active life.
We support the Herbalife Family Foundation (HFF) and
its Casa Herbalife programs to help bring good nutrition
to children in need. We also sponsor more than 190 world-class
athletes, teams and events around the globe,
including Cristiano Ronaldo, the LA Galaxy and
champions in many other sports.
The company has over 8,000 employees worldwide, and its shares
are traded on the New York Stock Exchange (NYSE: HLF)
with net sales of $4.5 billion in 2015. The Herbalife
website contains a significant amount of financial and other
information about the company at http://ir.Herbalife.com. The
company encourages investors to visit its website from time to
time, as information is updated and new information in posted. To
learn more, visit Herbalife.com or IAmHerbalife.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160810005399/en/
Herbalife Ltd.Jennifer
Butler213-745-0420jenb@herbalife.com
Herbalife (NYSE:HLF)
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