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The famed US weight loss program firm initially often known as WeightWatchers mentioned it has filed for chapter however will proceed operations whereas its $1.15-billion debt is restructured.
The corporate, now often known as WW Worldwide, filed for Chapter 11 chapter safety that it mentioned “will eliminate $1.15 billion in debt from the company’s balance sheet, and position WeightWatchers for long-term growth and success.”
“Operations continue with no impact to… more than three million members worldwide for its members,” it mentioned in a press release on Tuesday.
WeightWatchers has confronted mounting debt because it struggled to maintain tempo with competitors, together with weight reduction medicine similar to Ozempic.
The corporate mentioned it “expects (the) reorganization plan to be confirmed in approximately 40 days and to emerge as a publicly traded company.”
WeightWatchers, based in 1963, renamed itself “WW” in 2018 because it shifted to a broader advertising and marketing technique selling wellness past weight-loss applications.
© 2025 AFP
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US weight loss program firm WeightWatchers information for chapter (2025, Could 7)
retrieved 7 Could 2025
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