Herbalife Nutrition Cancels 2020 Herbalife24 Triathlon, 5k and Bike Tour Event

Rhea-AI Summary

Herbalife Nutrition (NYSE: HLF) announced the cancellation of the 2020 Herbalife24 Triathlon Los Angeles, 5k, and Bike Tour scheduled for October 25, 2020, due to health and safety concerns. The company plans to hold the event in 2021 on May 16, 2021. Registered participants can request a refund or defer their entry to the 2021 event until August 31, 2020. Herbalife expresses gratitude to participants for their support and looks forward to their return next year.

Positive

• Herbalife plans to host the Triathlon event in 2021, suggesting ongoing community engagement.
• Participants can choose to defer their entries, helping maintain customer goodwill.

Negative

• Cancellation of the 2020 event may lead to a temporary loss of revenue and brand visibility.

LOS ANGELES, Aug. 3, 2020 /PRNewswire/ -- Herbalife Nutrition (NYSE: HLF), a premier global nutrition company, today announced it is canceling the 2020 Herbalife24 Triathlon Los Angeles, 5k and Bike Tour which had been scheduled for October 25, 2020. Herbalife Nutrition plans to hold a 2021 event on May 16, 2021.

"We thank all the participants for their continued excitement and support for the event, but after careful consideration and concern for the health and safety of our athletes, staff, volunteers, and spectators, we have decided to cancel the 2020 event," said Ibi Montesino, senior vice president and managing director for North America, Herbalife Nutrition. "We look forward to bringing the triathlon back to Los Angeles on May 16, 2021."

All currently registered participants may choose to receive a refund or defer entry to the May 16, 2021 event. All refund requests must be emailed to info@herbalife24tri.la by August 31, 2020. Participants should include their full name, race category, and registration ID in their email. Participants who do not request a refund by this deadline, will have their registration automatically transferred to the 2021 event.

Full details are available at Herbalife24tri.la.

About Herbalife Nutrition Ltd.
Herbalife Nutrition is a global company that has been changing people's lives with great nutrition products and a proven business opportunity for its independent distributors since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries 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 global campaign to eradicate hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world.

For more information, please visit IAmHerbalifeNutrition.com.

Herbalife Nutrition also encourages investors to visit its investor relations website at ir.herbalife.com as financial and other information is updated, and new information is posted.

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SOURCE Herbalife Nutrition

FAQ

Why did Herbalife cancel the 2020 Herbalife24 Triathlon event?

Herbalife canceled the event due to health and safety concerns.

When is the rescheduled Herbalife24 Triathlon event?

The rescheduled event is set for May 16, 2021.

What options do registered participants have after the cancellation?

Participants can opt for a refund or defer their entry to the May 16, 2021 event.

What is the deadline for refund requests for the canceled event?

Refund requests must be submitted by August 31, 2020.

Where can I find more information about the Herbalife24 Triathlon?

More information is available at Herbalife24tri.la.