Herbalife Opens New Markets in Vietnam and Paraguay

Wed Nov 4, 2009 10:00pm EST
 
[-] Text [+]
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

Suggested Herbalife links: Facebook, Twitter

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 



Copyright Business Wire 2009

 

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