Herbalife Touts Vertical Integration As Key To Traceability, Cost Control
This article was originally published in The Tan Sheet
Executive Summary
Herbalife looks to improve its bottom line by bringing its manufacturing and sourcing functions in-house, according to Chief Financial Officer John DeSimone
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Herbalife touts new products, markets
The multi-level marketer plans to add a satiety product and an antioxidant beverage to its portfolio of weight-management and personal-care products in the first quarter of 2010. Herbalife will also enter Vietnam and Paraguay by the end of 2009, said Chief Financial Officer Richard Goudis at the Canaccord Adams Global Growth conference in Boston Aug. 11. ... Vertical integration: Herbalife acquires contract manufacturer Micelle Labs' facility in Orange County, Calif., in a move designed to help the firm become more vertical in product development and manufacturing, Herbalife said Aug. 13. Micelle has manufactured supplements for Herbalife since 1985