7
WeightWatchers, the well-known weight loss brand with over 62 years of history, filed for bankruptcy on Tuesday.
In a statement, the company, also known as WW International, explained that the bankruptcy would help strengthen its financial position, provide more investment flexibility for growth, and improve services for its global members.
Advertisements
WeightWatchers is carrying $1.15 billion in debt, which will be cleared through the bankruptcy process. Despite this, the company plans to remain publicly traded and expects to do so in roughly 40 days.
Advertisements
Related Topics:
Advertisements
What Are Lipo Mino Injection and How Do It Work?
