WeightWatchers has filed for chapter as extra Individuals flip to weight reduction medicine to slim down.
The 62-year-old weight reduction program’s mother or father firm, WW Worldwide, announced Tuesday that it goals to eradicate $1.1 billion in debt as a part of the Chapter 11 submitting and to give attention to increasing its fledgling telehealth enterprise. Companies to WeightWatchers clients will proceed uninterrupted, the corporate stated.
“Our present debt has been a big burden on the enterprise for a few years and has resulted in roughly $100 million of annual curiosity funds in every of the final two years,” WeightWatchers CEO Tara Comonte stated in a name on Tuesday to debate the corporate’s restructuring plans.
WeightWatchers stated it expects to finish the reorganization in 40 days and emerge as a publicly traded firm.
WeightWatchers has greater than 3 million members worldwide. The corporate additionally offers prescription weight-loss medication by way of its “WeightWatchers Clinic” subscription program.
“Importantly, WeightWatchers stays totally operational with all of our choices and companies, together with our workshops, our app and our telehealth enterprise, persevering with to function with no interruption throughout this reorganization course of and past,” Comonte stated within the name. “To repeat, there might be no impression to our members or the plans they depend on to assist their weight administration objectives or to our groups.”
WeightWatchers on Tuesday reported revenues of $186.6 million for the primary quarter of 2025, down 9.7% in comparison with the interval a 12 months in the past. The corporate had fiscal-year 2024 income of $785.9 million, lower than half of its revenues in 2018.
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