The company was launched in 1980 by its founder Mark Hughes who died just shortly after the company’s 20 year anniversary, in the year 2000. In 2002 the company was acquired by J. H. Whitney & Co., LLC, and Golden Gate Capital, Inc. and is privately held. Herbalife reported a net sales volume of $2.7 billion in 2010 and is reported to have approximately 2.2 million distributors, and they currently operate in 76 countries around the world.
Originally the Herbalife focus was on weight management products, Formula 1, Formula 2 and N.R.G. It is reported that Mark Hughes founder of the company, initially sold the products from the boot of his car, until he started to build the original distributor group. The Herbalife range has expanded its product portfolio over the years and it now includes a range of personal care products and nutritional supplements.
Global nutrition company Herbalife has…
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