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Herbalife is a multi-level marketing company that sells nutrition and weight management products, as well as personal care products and dietary supplements. The company was founded in 1980 by Mark Hughes and is headquartered in Los Angeles, California.
Herbalife's products include protein shakes, weight loss supplements, energy drinks, and vitamins. The company promotes a healthy lifestyle and offers various programs, such as meal plans and fitness challenges, to support their customers' health and wellness goals.
Herbalife operates through a network of independent distributors who sell the company's products and earn commissions based on their sales and the sales of their team members. The company has faced criticism and controversy over its business model and marketing practices, with some accusing the company of operating as a pyramid scheme. Herbalife has denied these allegations and has settled lawsuits related to these claims.
As of 2021, Herbalife operates in over 90 countries and has over 2.3 million distributors worldwide. The company has been listed on the New York Stock Exchange since 2004 and reported net sales of $4.9 billion in 2020.
