For complete story: Herbalife Rebounds From Founder's Death.
LOS ANGELES - Herbalife International thrived under founder Mark Hughes. Handsome, young and buoyed by his rags-to-riches story, Hughes built a billion-dollar business over two decades by inspiring legions of people around the world to buy and sell his nutritional supplements and other health products. But his death in 2000 from a drug and alcohol overdose sent the company reeling.
Sales lagged in the U.S., Herbalife's biggest market, as the company tried to manage without Hughes through a shuffle of top management that ultimately opted to sell the company.
Five years later, Herbalife is in the throes of a dramatic turnaround that has seen it post record sales, double its stock price and gear up to conquer what could be its largest market yet — China.
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In the third quarter of 2005, Herbalife generated $401 million in net sales. Net income was $27.1 million, compared to $11.5 million in the same quarter of 2004.
Posted by: Watz | December 20, 2008 at 09:55 PM
Hi my name is ana cristina in Milwaukee Wi and i was wondering if you would alow or tell your destribuaters why did mark huge died from.
Posted by: cristina sanchez | February 10, 2009 at 01:27 PM
Probably a wild lifestyle...
Posted by: John Doe | February 11, 2009 at 07:53 AM