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 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.
February 6, 2007 |
Shares of Herbalife Ltd., which sells dietary and weight-loss supplements, rose above the $38-a-share offer by private-equity firm Whitney & Co., its largest shareholder. The shares rose $7.02, or 21%, to $40.12. Whitney's offer, disclosed late Friday, was 15% more than the closing price of Herbalife shares that day and valued the company at $2.7 billion. The company is based on Grand Cayman Island but has its headquarters in Los Angeles. The cash takeover bid by New Canaan, Conn.
November 8, 2005 |
Herbalife Ltd., the nutritional supplements and weight management products firm, said its third-quarter profit more than doubled on a 25% increase in sales. Net income rose to $27.1 million, or 37 cents a share, compared with $11.5 million, or 21 cents, a year earlier. The Los Angeles-based company attributed part of its growth to new products and increased sales overseas.
August 2, 2005 |
Herbalife Ltd., a maker of weight-loss pills and skincare products, said Monday that second-quarter profit jumped 88%, beating Wall Street estimates. Century City-based Herbalife earned $22.8 million, or 32 cents a share, up from $12.1 million, or 22 cents, a year earlier. Excluding a tax charge of $5.5 million related to its China unit, Herbalife had net income of $28.3 million. Revenue grew 19% to $384.7 million, driven by strong results in Mexico, Brazil and the United States.