Global nutrition company Herbalife (NYSE: HLF), welcomes the judgment by
a Belgian Appeal Court that states the company's sales model is in full
compliance with Belgian law. This judgment overturns a previous ruling
by the lower court, in response to claims brought by Belgian consumer
organization Test-Aankoop, that Herbalife was operating a pyramid scheme.
Herbalife always believed that the first judgment contained factual
errors and was based on misinterpretations of its direct-selling sales
method, and was confident that the original judgment would be overturned
Herbalife continues to focus on supporting its independent distributors
and their customers in Belgium, and the company remains committed to an
open and transparent relationship with those distributors and customers,
as well as regulatory authorities and all other stakeholders.
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a global nutrition company that sells
weight-management, nutrition and personal care products intended to
support a healthy lifestyle. Herbalife products are sold in more than 90
countries to and through a network of independent distributors. The
company supports the Herbalife Family Foundation and its Casa Herbalife
program to help bring good nutrition to children. Herbalife's website
contains financial and other information about Herbalife at www.herbalife.com.
George Fischer (EU)
+44 7787 148392
+1 213 309 9478