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.[1] Incorporated in the Cayman Islands,[2] its corporate headquarters are in Los Angeles, California, United States.[3]

The company distributes its products in 91 countries (as of November 2013) through a network of approximately 3.2 million independent distributors,[2] 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"[4][5] after taking a $1-billion short position in Herbalife stock, betting the stock price will fall to zero.[6] The company denies the allegations.[7]; 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.

In relationEdit

Darryl Quek and Ina Bonilla had their advertisement last time in May 2012 until July 2012.

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