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Herbalife Nutrition to Establish One Campus for Global Headquarters in Los Angeles, CA
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Herbalife Nutrition has announced plans to consolidate its corporate headquarters and North American operations into a single campus in Los Angeles. This strategic move aims to foster collaboration by bringing together its workforce, enhancing company culture. The company will vacate its downtown office at LA Live and relocate employees to an owned office building nearby. Upgrades to the new campus are already underway, with completion expected by the end of 2023. This development will also serve as a meeting point for local distributors and global leadership.
Positive
Consolidation of office space promotes collaboration and innovation.
Renovated campus will serve as a meeting destination for distributors.
Move enhances company culture by uniting the workforce.
Negative
None.
LOS ANGELES--(BUSINESS WIRE)--
Premier global nutrition company, Herbalife Nutrition, announced today that it will remain in Los Angeles and create a single campus, combining its corporate headquarters with its North American operations. A long-time goal of the company, the consolidation of office space will bring together the company’s LA-based workforce and support its culture of collaboration and innovation.
“Personal connections have always been a defining element of our company culture,” said John Agwunobi, Chairman and CEO of Herbalife Nutrition. “We believe this is the right time for this strategic move to establish a single campus that will further strengthen the collaborative nature of our talented employees.”
The company plans to rent its downtown office space located at LA Live and move those employees to its other campus in Los Angeles where the company owns an office building and surrounding property. The move is anticipated to take place towards the end of 2023. Work has already begun upgrading the campus to enhance the workplace, yet additional improvements will also be carried out. The newly renovated office space is also a meeting destination for its local distributors as well as its distributor leadership from around the world visiting Los Angeles.
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. For more information, please visit IAmHerbalifeNutrition.com and follow @Herbalife.
