Breaking News

Herbalife Is Closer to Death, Insists Ackman

November 5, 2013

Hedge fund operator is confident that the company will be shut down.

For nearly a year, Pershing Square Capital hedge fund CEO Bill Ackman has been calling Herbalife a Ponzi scheme, now he's calling the company's time of death. In a speech given for MBA student at Oxford, Ackman said that Herbalife will be shut down, and that his efforts, "will have made progress in that direction within twelve months," reports Business Insider, citing video of Ackman's speech.

In late 2012 Ackman announced a massive short position in Herbalife, declaring the nutritional supplement company a pyramid scheme. Rival hedge fund titans Daniel Loeb and Carl Icahn challenged him, with Loeb announcing a long position in Herbalife and Icahn questioning Ackman's investment skills in a live showdown on CNBC.

To watch Ackman's Oxford interview, visit YouTube.



Related End-User Markets:

Related Raw Materials:

  • Fit for Fitness

    Fit for Fitness

    Christine Esposito, Associate Editor||February 21, 2017
    Kinx Active is a new brand targeting women who want beauty products that can stand up to their fitness routines.

  • Catch These Rising Stars of Beauty

    Catch These Rising Stars of Beauty

    Nancy Jeffries, Contributing Editor||February 6, 2017
    Who won what at Fashion Group International's Rising Star awards show

  • Erasa

    Erasa's New Evangelist(a)

    January 9, 2017
    Impressed by the performance of its hero SKU, supermodel Linda Evangelista joins the company in a hand's on role.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.

  • Defining Clean Skin

    Defining Clean Skin

    Nava Dayan PhD, Dr. Nava Dayan LLC||February 1, 2017
    A look at the issues, research and history surrounding this controversial topic.