Herbalife International is a multi-level marketing company that sells nutrition, weight management and skin-care products. The company was founded in 1980, and it employs around 6,200 people worldwide. Herbalife reported net sales of US$4.072 billion in 2012, an 18% increase over 2011, and net income of $477.19 million, a 16% increase over 2011. Incorporated in the Cayman Islands, its corporate headquarters are in Los Angeles, California, United States.
The company distributes its products in 91 countries (as of November 2013) through a network of approximately 3.2 million independent distributors, some of whom earn profit on product sales and additional commission from a multi-level marketing (MLM) compensation structure.
The company has been criticized by, among others, hedge fund manager Bill Ackman of Pershing Square Capital, who claimed that Herbalife operates a "sophisticated pyramid scheme" after taking a $1-billion short position in Herbalife stock, betting the stock price will fall to zero. The company denies the allegations.; As of 9th January 2014, Bill Ackman and his investors have lost over $500 million due to the stock value rising over 300% since his short position.
Darryl Quek and Ina Bonilla had their advertisement last time in May 2012 until July 2012.
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