Herbalife Ltd. Receives Approval for Additional Direct-Selling Licenses in China
19 Juli 2010 - 11:00PM
Business Wire
Herbalife Ltd. (NYSE: HLF) announced that China's Ministry of
Commerce has granted five additional licenses for the company to
conduct its direct-selling business in the provinces of Jiangxi,
Liaoning, Henan, Jilin, and Chongqing. All licenses are effective
immediately. Additionally, the company's license for Shanghai,
which was granted in July 2009, is now active.
Herbalife received its first direct-selling license in China in
March 2007 for the cities of Suzhou and Nanjing in the Jiangsu
province. An additional license was granted in July of the same
year to conduct business throughout the entire Jiangsu province. In
July 2008, it received five additional licenses for the provinces
of Beijing, Guangdong, Shandong, Zhejiang and Guizhou and in July
2009 licenses were granted for Fujian, Shan'Xi, Sichuan, Hubei, and
Shanghai.
The 16 provinces in which Herbalife now has direct-selling
licenses represent an addressable population of approximately 844
million. Herbalife also currently operates 75 retail stores in 30
provinces in China.
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a global network marketing company
that sells weight-management, nutrition, and personal care products
intended to support a healthy lifestyle. Herbalife products are
sold in 73 countries through a network of approximately 2.1 million
independent distributors. The company supports the Herbalife Family
Foundation and its Casa Herbalife program to help bring good
nutrition to children. Herbalife’s Web site contains a significant
amount of information about Herbalife, including financial and
other information for investors at http://ir.Herbalife.com. The company
encourages investors to visit its Web site from time to time, as
information is updated and new information is posted.
Herbalife (NYSE:HLF)
Historical Stock Chart
Von Jul 2024 bis Aug 2024
Herbalife (NYSE:HLF)
Historical Stock Chart
Von Aug 2023 bis Aug 2024