Published:
Herbalife Opens New Markets in Vietnam and Paraguay
LOS ANGELES - (BUSINESS WIRE) - Herbalife Ltd. (NYSE:HLF), a global nutrition and direct-selling
company, announced that it has begun operations in Vietnam, making this
the 71st country where the company conducts business. On
November 16, operations will begin in Paraguay.
Vietnam becomes the company's 13th market to open in its Asia
Pacific region, which is led by Managing Director William Rahn. A
distribution center where independent distributors can pick up products
opened in Ho Chi Minh City.
Thang Nguyen, who joined the company in June, is general manager of
Vietnam.
Products available at launch are the company's flagship Formula 1
Nutritional Shake Mix in three flavors; Formula 2 Multivitamin Complex
and Performance Protein Powder. The company plans to expand its product
line and will include personal care products in the near future to serve
the population of approximately 84 million residents.
With a population of approximately six million, Paraguay, the company's
72nd market, represents deeper penetration in the company's
South and Central America region with 15 other countries, and is led by
the region's Managing Director Patricio Cuesta.
Herbalife's office and distribution center will be located in the
capital city of Asunción. The products available will be Formula 1
Nutritional Shake Mix in four flavors; Personalized Protein Powder; and
Herbalife Concentrate.
Tags: Herbalife
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About Herbalife Ltd.
Herbalife
Ltd. (NYSE:HLF) is a global network marketing company that sells
weight-management, nutrition, and personal care products intended to
support a healthy lifestyle. Herbalife products are sold in 72 countries
through a network of approximately 1.9 million independent distributors.
The company supports the Herbalife
Family Foundation and its Casa Herbalife program to help bring good
nutrition to children. Herbalife's Web site contains a significant
amount of information about Herbalife, including financial and other
information for investors at http://ir.herbalife.com.
The company encourages investors to visit its Web site from time to
time, as information is updated and new information is posted.
Herbalife Ltd.
Media Contact:
George
Fischer
VP, Worldwide Corp. Comm.
213-745-0519
georgef@herbalife.com
or
Investor
Relations
Amy Greene
VP, Investor Relations
213-745-0504
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