Wed, 07 May 2025

Wed, 07 May 2025 WeightWatchers files for bankruptcy as fat-loss jabs boom

The firm is struggling with debt and tough competition from weight-loss drugs.

* WeightWatchers has filed for bankruptcy in the US due to debt and increasing competition from weight-loss medications.
* $1.15bn (£860mn) of the company's debt will be written off as part of the process.
* The company says it will remain "fully operational" during the process, with no impact on members.
* WeightWatchers is restructuring its balance sheet due to a significant amount of debt, some of which dates back decades.
* Demand for the company's programmes has dropped in recent years, while the popularity of weight-loss medications such as Ozempic and Mounjaro has risen.
* The company reported a net loss of $346m (£260m) last year and subscription revenues fell 5.6% compared with the previous year.
* WeightWatchers expects to emerge from bankruptcy as a publicly traded company after approximately 40 days.
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