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At its peak in 2018, Weight Watchers had a $6 billion market cap, and its stock was trading at $100 per share. In 2020, it boasted 4.4 million members. But digital times change everything.
Because Weight Watchers is the symptom of a problem, not the cause, and it’s not like we’ve managed to stamp out the diet culture that broadly underpins enterprises such as this one.
WeightWatchers filed for Chapter 11 bankruptcy in an effort to reduce its debt by more than $1 billion. However, CEO Tara Comonte said the weight-loss program has no plans to shut down, and that ...
Weight Watchers is planning to use the bankruptcy process as a way of shedding $1.15 billion in debt and refocusing the business on providing telehealth services.
WeightWatchers, a 62-year-old health and wellness company that has faced stiff competition from new weight-loss drugs and programs, filed for bankruptcy on Tuesday in an effort to reduce its debt ...
The earnings report revealed a 3.6 percent decline in same-store sales in the U.S., the biggest U.S. decline McDonald's has seen since 2020, and a significant drop from the 2.5 percent increase ...
Since the launch of Wegovy in 2021, Novo Nordisk has repeatedly increased its sales guidance, enjoying a surge in valuation. But now, lackluster US prescription data could lead to a downgraded sales ...
Weight Watchers may have put a friendlier face on weight loss than the current Ozempic craze does, but it, too, was a business powered by the force of its customers’ self-disgust.
Weight Watchers has outlasted diet fads, rebrands and even logic. But this time, it’s not carbs or keto that brought it down – it’s chemistry.
Founded in 1963, WeightWatchers faces bankruptcy with £1.25 billion ($1.6 billion) in debt, losing clients to drugs like Ozempic. Can the iconic programme survive?
General Mills organic sales fell 5% in the third quarter to 23 February, coming in at $4.8bn, and were down by the same magnitude in reported terms. Volumes dropped four percentage points with ...