Herbalife’s China chief departs after a decade in the role

By Gary Scattergood contact

- Last updated on GMT

Related tags: Traditional chinese medicine, China

The firm does 20% of its business in China.
The firm does 20% of its business in China.
Herbalife’s China President Li Yanliang has left his role after 10 years.

Its belived his abrupt departure came as a shock to staff and investors after the company posted solid figures from China for the first quarter. 

The company recorded $215.6m in reported net sales in China, which was off slightly over the same period a year before, which was an exceptionally good one for Herbalife. 

And its share price is nearing its best level for three years.

China accounts for around 20% of the firm’s business and  it recently reached an agreement in principle to form a joint venture with Traditional Chinese Medicine (TCM) foutfit Tasly Holding Group.

The joint venture will, says Herbalife, develop and commercialise "high-quality consumer health products based on Tasly’s deep portfolio of proprietary formulations, patents, know-hows, and clinical studies".

Herbalife, would bring to table its scientific, regulatory and commercial know-how to boost the products on the global stage, it said. Its supplements and nutrition products are availble exclusively through direct selling in more than 90 countries.

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