BWI: Herbalife Celebrates 10 Successful Years in India

Press release from Business Wire India
Source: Herbalife Ltd.
Thursday, May 27, 2010 02:09 PM IST (08:39 AM GMT)
Editors: General: Consumer interest, Lifestyle; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Household & personal care products & services, Information technology, Stock exchanges; Technology; Healthcare
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Herbalife Celebrates 10 Successful Years in India
Announces Aggressive Expansion Plans for India

Bangalore, Karnataka, India, Thursday, May 27, 2010 -- (Business Wire India) -- Herbalife India, the leading Weight Management, Nutrition and Personal Care Company have announced their plans to expand operations in India. Besides launching and improvising 10 new outer and inner nutrition products, the company plans to expand its business into various Tier II cities across the country. Herbalife India will be investing extensively in IT, training and recruitment and most importantly, to increase their corporate social responsibility outreach toward at-risk communities and children.

Herbalife will be opening new locations in Rajasthan, Orissa, Madhya Pradesh and Kerala at a record pace by entering these markets with their distributors. Besides this, Herbalife will be improving their current and existing setups in Chennai, Hyderabad, Delhi, Kolkata and Mumbai by remodeling the current offices to make it more distributor friendly. Herbalife has already set up their second office in Bangalore, which houses the IT operations of the company.

Commenting on the success and aggressive plans for Herbalife in India, Mr. Bill Rahn, Managing Director, Asia Pacific, Herbalife said, "India has been a significant contributor to the overall success of Herbalife and has always been a key market for Herbalife." He further added, "The support that we have received from Dr. Anoop Misra, a member of our Nutrition Advisory Board, is greatly appreciated and his council continues to be of utmost importance to us."

All inner nutrition Herbalife products are localized and created in accordance with Herbalife's science based philosophy. Their current range of inner nutrition products are selected for the Indian palate like Mango flavor shake. Herbalife will also be investing in better tools and methods to improve the infrastructure of the products.

"The past 10 years have been both challenging and rewarding for us. While models such as the Daily Consumption Model and our Nutrition Clubs have been instrumental in fueling the company's expansion, the employment opportunities that we have been providing is something that we are extremely proud of and hope to create more such avenues for people from different walks of life." said Ajay Khanna, Country Head, Herbalife India while commenting on the completion of 10 successful years in India. He further added, "Most importantly, as part of Herbalife's India growth story, we plan to give back to the society and reach deep into the communities through our CSR activities of Casa Herbalife.

Herbalife's Q1 results reported a net sales increase of 18.6 percent to $618.6 million indicating the speedy growth of the company. The record revenue reflects y-o-y growth of 6.2 percent. For the quarter, growth from emerging markets represented 50% of total company growth with an increase of 13.9 percent compared to the prior year period. Within this India has played a significant role in driving this growth where India recorded a y-o-y growth of 51.9 percent. Last year, the Indian operations had a triple digit growth.

About Herbalife

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 73 countries through a network of approximately two 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.


CONTACT DETAILS
Ranjani S Roy, Gutenberg Communications, +91 9886377941, ranjani@gutenbergpr.com

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CONSUMER, LIFESTYLE, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, HOUSEHOLD, IT, STOCK EXCHANGES, TECHNOLOGY, HEALTHCARE

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