8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 23, 2007

Herbalife Ltd.
__________________________________________
(Exact name of registrant as specified in its charter)

Cayman Islands	1-32381	98-0377871
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
P.O. Box 309GT, Ugland House, South Church Street, Grand Cayman, Cayman Islands		00000
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: c/o (310) 410-9600

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On March 23, 2007, Herbalife Ltd. issued a press release announcing receipt of its direct-selling license from China’s Ministry of Commerce. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

99.1 Press release issued by Herbalife Ltd. on March 23, 2007

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Herbalife Ltd.
March 23, 2007	By:	/s/ Brett R. Chapman
		Name: Brett R. Chapman
		Title: General Counsel

Exhibit Index

Exhibit No.	Description
99.1	Press Release of Herbalife Ltd. Dated March 23, 2007

EX-99.1

FOR IMMEDIATE RELEASE

Media Contact:	Investor Contact:
Barbara Henderson	Anthony Runnels

SVP, Worldwide Corp. Comm. Sr. Manager, Investor Relations (310) 410-9600 ext. 32205
(310) 410-9600 ext. 32736

HERBALIFE RECEIVES DIRECT SELLING LICENSE IN CHINA

LOS ANGELES, March 23, 2007 – Herbalife Ltd. (NYSE: HLF), a global nutrition direct-selling company, announced today that it has received its direct-selling license from China’s Ministry of Commerce.

The license permits Herbalife to conduct a direct selling business in Suzhou and Nanjing in the Jiangsu province. Over six million people live in Suzhou, the fifth largest Chinese city based upon GDP, and approximately eight million people live in Nanjing, which is the second largest commercial center in East China after Shanghai.

Herbalife currently operates 42 stores and 17 service centers in 25 provinces in China. The company operates a unique direct-selling model in China in accordance with local regulations. Independent distributors who are employed by the company conduct their business in retail locations owned by Herbalife. Consumers and other distributors come into the store to buy product and learn more about the business opportunity. Now that a license has been granted, Distributors will be allowed to conduct business outside of the store in the particular province and cities named in the direct selling license.

“It is an honor for Herbalife to receive this license. We have worked closely with China’s Ministry of Commerce and the State Administration Industry and Commerce over the past year and we are committed to maintaining the highest standards of integrity in the direct-selling industry,” said Chief Executive Officer Michael O. Johnson.

“We can help set an example for the direct-selling industry on how our industry can improve the wellbeing of our Chinese distributors and their customers,” said Percy Chin, Herbalife’s senior vice president and managing director of its Greater China region.

Headquartered in Shanghai, Herbalife sells more than 30 products in China. The company operates its own manufacturing facility in Suzhou, China, that produces products for local use and export.

Herbalife is affiliated with, and plays an active role in a large number of industry trade organizations, including The World Federation of Direct Selling Associations, the Federation of European Direct Selling Associations and 40 individual Direct Selling Associations globally.

About Herbalife
Herbalife (http://www.herbalife.com) is a global network marketing company that sells weight-management, nutritional supplements and personal care products intended to support a healthy lifestyle. Herbalife products are sold in 64 countries through a network of more than one million independent distributors. The company supports the Herbalife Family Foundation (http://www.herbalifefamilyfoundation.org) and its Casa Herbalife program to bring good nutrition to children. Please visit Investor Relations (http://ir.herbalife.com) for additional financial information.

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