Herbalife Nutrition Halts Operations In Russia

by Shivani Kumaresan, Benzinga Staff Writer

March 11, 2022 1:18 PM | 1 min read | Make a Comment

Herbalife Nutrition Ltd HLF said it will suspend operations in all 62 sales centers in Russia and will not ship products to the country.
Further, the company plans to donate any profit from Russia to organizations supporting Ukrainian refugees.
Herbalife had about 44,000 active distributors in the country as of February.
The company does not have any manufacturing operations in Russia, and all the products sold are imported.
Price Action: HLF shares are trading lower by 0.16% at $33.75 on the last check Friday.

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