MelmothTheLost
Volunteer Investigator - Locate International
- Joined
- Jan 22, 2016
- Messages
- 4,356
- Reaction score
- 6,396
WeightWatchers has filed for bankruptcy in the US as it struggles with debt and fierce competition from fat-loss jabs like Ozempic and Mounjaro.
The legal process will see $1.15bn (£860mn) of the 60-year-old diet brand's debt written off while it agrees new terms for paying back its lenders.
WeightWatchers said it will remain "fully operational" during the process with "no impact to members".
It follows the meteoric rise in popularity of weight loss injections in what the firm said was a "rapidly changing weight management landscape".
www.bbc.co.uk
The legal process will see $1.15bn (£860mn) of the 60-year-old diet brand's debt written off while it agrees new terms for paying back its lenders.
WeightWatchers said it will remain "fully operational" during the process with "no impact to members".
It follows the meteoric rise in popularity of weight loss injections in what the firm said was a "rapidly changing weight management landscape".

Weightwatchers files for bankruptcy as Ozempic and Mounjaro surge in popularity
The firm is struggling with debt and tough competition from weight-loss drugs.
