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:

blog comments powered by Disqus
  • Long Term Sustainability In the Nonwovens Market

    Long Term Sustainability In the Nonwovens Market

    August 23, 2016
    Learn more at Cleaning Products USA, Nov. 9-11, 2016

  • Fro Yo!

    Fro Yo!

    Tom Branna, Editorial Director||August 22, 2016
    Project Beauty dishes out Hairgurt, a line of vitamin-rich hair shampoos and conditioning masques.

  • TLC for Those Who Need It Most

    TLC for Those Who Need It Most

    Christine Esposito, Associate Editor||August 22, 2016
    New curriculum debuting at Bellus Academy helps estheticians treat a population that needs TLC.

  • Special Effects

    Special Effects

    Melissa Meisel, Associate Editor||August 1, 2016
    Fall 2016 color cosmetics reflect light and offer a focus on elements like pigment, slip and wear.

  • Silent Partners

    Silent Partners

    Christine Esposito, Associate Editor||August 1, 2016
    From research & development to logistics to confidentiality, savvy distributors help finished formulators achieve their goals

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event