October 13, 2007 |
Zacatecas, Mexico Selling pricey diet-shake mixes in a developing country wouldn't seem like a very smart business idea, but Enrique Varela was despairing. Eighteen years ago, his animal-feed business was struggling. He was thousands of dollars in debt. Today, he and his wife own a fleet of luxury cars, four ranches and eight houses -- including a custom-built home with an elevator and a cupola-covered hot tub overlooking a golf course in this central Mexican city.
August 7, 2007 |
Herbalife Ltd., which sells nutritional supplements and other weight management products, said Monday that its second-quarter earnings rose 32%, helped by sales in North America and China. Net income rose to $48.1 million, or 65 cents a share, from $36.3 million, or 49 cents, a year earlier, the company said. Excluding a tax settlement, net income was 64 cents a share. Revenue rose 14% to $530.1 million from $466 million last year.
May 25, 2007 |
Herbalife Ltd., a seller of nutritional and weight-loss supplements, said Chairman Peter Castleman had resigned to focus on other business activities. Chief Executive Michael O. Johnson has assumed the post. Board member David Halbert also resigned, Century City-based Herbalife said.
March 31, 2007 |
An investment group whose bid for Century City-based Herbalife Ltd. was rejected said Friday that it was withdrawing the $2.7-billion offer -- and that it might sell the Herbalife shares it owns or buy some more. J.H. Whitney & Co., which owns about a quarter of Herbalife's shares, said in a letter to Herbalife's board that it was disappointed by the rejection. The letter warned that "depending on developments," New Canaan, Conn.-based Whitney "may engage in sales or purchases of shares."
March 24, 2007 |
Rugby players serve as human billboards. So do cricket players, most of the world's best-known soccer stars and athletes who play the NFL's European brand of football. And, now that the Galaxy is selling space on its Major League Soccer jerseys to Herbalife, the question is whether baseball, basketball, football and hockey are any closer to making room on their jerseys for advertisers. "As soon as it pencils out financially and is deemed acceptable by fans ...
March 23, 2007 |
Two months after acquiring David Beckham, the Galaxy has signed a multiyear, multimillion-dollar sponsorship agreement with nutritional products manufacturer Herbalife. The deal gives the direct-sales company the right to splash its name across the front of the Galaxy jersey and makes the Galaxy the second team in Major League Soccer to take advantage of the league's new shirt-sponsorship rules.