Herbalife, Nu Skin Shares Plunge Over Fears of Chinese Crackdown
- Agency’s statement renews concerns companies will be targeted
- Herbalife has faced pyramid-scheme allegations from Ackman
A worker stacks boxes of Herbalife shipments in a truck at the Los Angeles Distribution Center in Carson, California.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
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Shares of Herbalife Ltd., Nu Skin Enterprises Inc. and USANA Health Sciences Inc. tumbled on Monday over concerns that Chinese regulators will crack down on the companies’ marketing practices.