Herbalife gains Chinese licenses
This article was originally published in The Tan Sheet
Executive Summary
China's Ministry of Commerce grants the multi-level marketer five additional licenses for direct sales of its nutritional and personal care products, giving Herbalife a total of 16 provincial licenses covering 844 million people. The Los Angeles company announced July 19 new licenses for Jiangxi, Liaoning, Henan, Jilin and Chongqing provinces, which are effective immediately. Herbalife's Shanghai license, which was granted a year ago but was pending the firm's opening of service outlets, also is now active, the firm said
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China's Ministry of Commerce grants the multi-level marketer five additional licenses for direct sales of its nutritional and personal care products, giving Herbalife a total of 16 provincial licenses covering 844 million people. The Los Angeles company announced July 19 new licenses for Jiangxi, Liaoning, Henan, Jilin and Chongqing provinces, which are effective immediately. Herbalife's Shanghai license, which was granted a year ago but was pending the firm's opening of service outlets, also is now active, the firm said. |