Herbal Magic
Herbal Magic is a Canadian weight loss and nutrition company based in Toronto, Ontario that previously operated over 300 weight loss and nutrition centers across Canada as the nation’s largest commercial weight loss company. Today, Herbal Magic operates as an online e-commerce store offering natural health products, wellness accessories, and weight loss programs with virtual weight loss coaching administered via live video, telephone, and email.
History
Herbal Magic was founded in 1995 by Dieter Decker, who opened his first weight loss and nutrition center in London, Ontario. After growing the business to 228 centers nationwide, Decker sold the company in December 2003 to Trivest, a Miami, Florida-based private investment firm. Trivest appointed Tom McNeely of Tim Hortons as CEO, and the number of units grew by nearly 45%, to 300 stores. In the summer of 2006, Trivest hired CIBC World Markets to launch an auction of Herbal Magic. In October 2006, Herbal Magic was sold to TorQuest Partners.During 2009, Cameron Capital, a Toronto-based firm whose investments include Hair Club for Men and Beauty First, invested in the business. On February 18, 2009, the company announced a change in ownership making new investments in Herbal Magic Inc., including a personal investment from incoming Chairman Steve Hudson. The principles of Cameron Capital became managing partners of Herbal Magic, overseeing both strategic and daily operations. On August 7, 2015, the company restructured and closed all of its central and eastern Canada stores. Its 41 western Canada stores were taken over by a secured lender and closed in 2016.
Since 2016, Herbal Magic weight loss plans and supplements have remained available to Canadians coast to coast through various distributors, as well as their national coaching center in Mississauga, Ontario run by President Troy Nahmiache. All Herbal Magic weight loss programs are now provided virtually through video calls, telephone, and email by certified Personal Health Coaches.