For the second time in recent years network marketing giant Herbalife has made an abrupt management switch, with board chairman Michael Johnson stepping in as interim CEO. The move coincided with a disappointing sales report that saw the company’s share...
Herbalife reported a 3% rise in sales for its full year, recording $4.9 billion in revenue. The increase was achieved even with sharp declines in China attributable to that country’s regulatory crackdown on multi level marketing companies.