Herbalife Nutrition Announces $400 Million Investment in Key Digital Transformation Growth Initiative
02 Agosto 2022 - 5:15PM
Business Wire
Represents Largest Single Investment in
Company’s History
Herbalife Nutrition, a premier global nutrition company, today
announced Herbalife One, a new digital transformation initiative
centered around launching a single platform that creates a
simplified and integrated experience for distributors and their
customers around the world. As a key driver for future growth
objectives, the Herbalife One platform will be built around new
technologies and streamlined processes, resulting in greater
efficiencies and productivity.
“We are excited to announce the board’s approval to proceed with
our new digital transformation platform, the largest single
investment in the company’s history,” said John Agwunobi, Chairman
and CEO of Herbalife Nutrition. “The design of this new seamless
platform experience is a result of extensive collaboration with our
distributors to identify a technology that will enable our future
growth, by delivering a best-in-class digital experience for all
distributors and their customers.”
The investment of over $400 million includes an incremental
expenditure of up to $250 million over the next three years.
Herbalife One will be built using a modern and flexible
architecture approach integrating deep data analytics and insights,
increased performance, and high speed-to-market deployment of
future updates. More than a dozen key digital enhancements to be
implemented include new distributor sign-ups, onboarding and
training, wellness content accessibility, new shopping tools, and
new community coaching and support tools, among others.
For more information, please visit IAmHerbalifeNutrition.com and
follow @Herbalife.
About Herbalife Nutrition Ltd.
Herbalife Nutrition (NYSE: HLF) is a global nutrition company
that has been changing people's lives with great nutrition products
and a business opportunity for its independent distributors since
1980. The Company offers science-backed products to consumers in 95
markets by entrepreneurial distributors who provide one-on-one
coaching and a supportive community that inspires their customers
to embrace a healthier, more active lifestyle. Through the
Company’s commitment to nourish people, communities and our planet,
Herbalife Nutrition pledges to achieve 50 million positive impacts
– tangible acts of good – by 2030, its 50th anniversary.
Herbalife Nutrition also encourages investors to visit its
investor relations website at ir.herbalife.com as financial and
other information is posted.
Forward-Looking Statements
This release contains “forward-looking statements” within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Although we believe that the
expectations reflected in any of our forward-looking statements are
reasonable, actual results or outcomes could differ materially from
those projected or assumed in any of our forward-looking
statements. Our future financial condition and results of
operations, as well as any forward-looking statements, are subject
to change and to inherent risks and uncertainties, many of which
are beyond our control. Additionally, many of these risks and
uncertainties are, and may continue to be, amplified by the
COVID-19 pandemic. Important factors that could cause our actual
results, performance and achievements, or industry results to
differ materially from estimates or projections contained in or
implied by our forward-looking statements include the
following:
- the potential impacts of the COVID-19 pandemic and current
global economic conditions, including inflation, on us; our
Members, customers, and supply chain; and the world economy;
- our ability to attract and retain Members;
- our relationship with, and our ability to influence the actions
of, our Members;
- our noncompliance with, or improper action by our employees or
Members in violation of, applicable U.S. and foreign laws, rules,
and regulations;
- adverse publicity associated with our Company or the
direct-selling industry, including our ability to comfort the
marketplace and regulators regarding our compliance with applicable
laws;
- changing consumer preferences and demands and evolving industry
standards, including with respect to climate change,
sustainability, and other environmental, social, and governance, or
ESG, matters;
- the competitive nature of our business and industry;
- legal and regulatory matters, including regulatory actions
concerning, or legal challenges to, our products or network
marketing program and product liability claims;
- the Consent Order entered into with the FTC, the effects
thereof and any failure to comply therewith;
- risks associated with operating internationally and in
China;
- our ability to execute our growth and other strategic
initiatives, including implementation of our transformation program
and increased penetration of our existing markets;
- any material disruption to our business caused by natural
disasters, other catastrophic events, acts of war or terrorism,
including the war in Ukraine, cybersecurity incidents, pandemics,
and/or other acts by third parties;
- our ability to adequately source ingredients, packaging
materials, and other raw materials and manufacture and distribute
our products;
- our reliance on our information technology infrastructure;
- noncompliance by us or our Members with any privacy laws,
rules, or regulations or any security breach involving the
misappropriation, loss, or other unauthorized use or disclosure of
confidential information;
- contractual limitations on our ability to expand or change our
direct-selling business model;
- the sufficiency of our trademarks and other intellectual
property;
- product concentration;
- our reliance upon, or the loss or departure of any member of,
our senior management team;
- restrictions imposed by covenants in the agreements governing
our indebtedness;
- risks related to our convertible notes;
- changes in, and uncertainties relating to, the application of
transfer pricing, income tax, customs duties, value added taxes,
and other tax laws, treaties, and regulations, or their
interpretation;
- our incorporation under the laws of the Cayman Islands;
and
- share price volatility related to, among other things,
speculative trading and certain traders shorting our common
shares.
We do not undertake any obligation to update or release any
revisions to any forward-looking statement or to report any events
or circumstances after the date hereof or to reflect the occurrence
of unanticipated events, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220802006024/en/
Media Contact: Gary Kishner Senior Director, Media Relations
GaryKi@Herbalife.com 213.745.0420
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