Herbalife Third Quarter Sales Spurred By 20% Gain In The Americas
This article was originally published in The Tan Sheet
Herbalife International recorded a 12.1% increase in net sales to $238.9 mil. in the third quarter, boosted by a strong performance in the Americas. The Asia/Pacific Rim segment recorded growth in the quarter as well, but Europe was flat. Herbalife plans to begin operating in India Nov. 10, bringing the number of countries in which it sells its products to 45.
You may also be interested in...
Supplement marketer Natrol enters sports fitness market with acquisition of Prolab Nutrition, a seller of sports nutrition products for bodybuilders through gyms, health food stores and other outlets. Natrol is paying $29 mil. cash and 124,270 shares of common stock for the company. Bloomfield, Conn.-based Prolab is expected to post over $30 mil. in sales for 1999. Chatsworth, Calif.-based Natrol plans to assist Prolab with manufacturing, purchasing and product/sales channel development, while Prolab will help enhance Natrol's international sales with its leading market position in Canada and presence in the U.K. and Germany, the firms say. Prolab is expanding its 32,000 sq. ft. distribution facility by 20,000 sq. ft. in the coming months
Herbalife International CEO and founder Mark Hughes will be buying all the company's remaining Class A and Class B shares, the firm announced Sept. 13.
Finalization of a settlement between the Federal Trade Commission and Rexall Sundown regarding unsupported cellulite treatment claims for the firm's Cellasene dietary supplement hinges upon approval of two related class action settlements pending in California and Florida, according to FTC