Herbalife establishes $90M fund to support growth in China
Published: Feb 13, 2018

Herbalife establishes $90M fund to support growth in China

Under the auspices of an economic development package, governments in China have granted RMB600M ($90M) to Herbalife (NYSE:HLF) to help develop its business in China and accelerate its growth.

The company says the capital, called its "China Growth and Impact Investment Fund," will be deployed in five key areas: new acquisitions in health and wellness products and companies, expansion of nutrition clubs, increasing/improving technology, providing additional research, learning and training and public-private partnerships aimed at eradicating obesity.