WeightWatchers files for Chapter 11 bankruptcy

Weight search engines, Health plan It is this week that bankruptcy appeals in Opran, to try and strengthen its financial situation and ensure its survival in a highly equipped weight market.

Chapter 11 About Bankruptcy Protection, WW International Inc., said that the $ 1.15 billion debt will be able to increase the amount of long-term growth and success.

“Decisive actions we take today, the vast actions of our lenders and neutalls will give us the innovation of flexibility, the contribution of our members to the fast-growing weight control landscape.”

Weight bets on weight loss drugs through the launch of a new program

The company says it will fully operate during this process, and those members will not affect. This means “programs on which they rely on their weight management goals” will remain full operational, according to the company.

While it has stopped trade in NASDAQ, weight searches expect to emerge as a public trading company when it completes the reorganization process.

In the lower Manhattan, New York city, an office sign is displayed in Lower Manhattan. (Reuters / Brendan McDermid / Reuters)

The company started in the 1960s and revolutionized the diet industry through its weight loss and weight management programs. Even in 2015, with the company, he gotks to scuffle among high-quality figures cooperating with the company. He left the Board of Directors in 2024.

OPRAH WINFREY left the Under Board of 2024 on May 2024. (Axelle / Bauer-Griffin / Filmmagic / Fox News)

CEO CEO Sima Sistan has left a sharp output, lose weight loss drugs

However, in recent years, the company has fought competitive, as the popularity of weight loss drugs quickly changed how people approached the diet.

Morgan Stanley’s survey revised the global obesity market, and now expects $ 105 billion to reach $ 105 billion and $ 144 billion. That’s $ 77 billion earlier. In 2023, the sale of branded obesity was allocated $ 6 billion, according to Morgan Stanley’s research.

The company has fought competitive in recent years, as the popularity of weight loss drugs quickly changed how people approached the diet. (Michael Nagle / Bloomberg Via Getty Images / Getty Images)

To revive the brand, the company has acquired a telehealth platform, which is now known as a weight class clinic, will help expand Obese drug prescriptions: With its telecommunications platform, it offers obesity courses and prescription weight loss drugs, virtual and personally seminars.

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The problems were still going on for the company, as his former General Director Sima Sistan dropped sharply in September 2024.