Weight Watchers is in front of the bankruptcy

The weight loss specialist Weight Watchers has filed for bankruptcy, as the American slimming specialist explained on Tuesday. « Weight Watchers takes strategic measures to eliminate $ 1.15 billion in debt, » said the press release.

The company listed on the New York Stock Exchange volunteered before a court in Delaware under the protection of the bankruptcy law until it negotiated with its creditors. Until then, the company will continue to work « without consequences ». The company hopes to be able to leave the procedure after about 45 days or faster. The share price dropped by more than half to 34 US cents in post-exchangeable US trade.

Financial difficulties due to weight loss injections

The company Weight Watchers, founded in 1963, which renamed “WW” in 2018 to mark a turn towards a broader strategy to promote well -being beyond weight loss programs, claims to have “more than three million members worldwide”. Weight Watchers emphasized that the step for the members should not have any consequences.

WW has been under pressure for a long time. Medicines like Ozempic or Wegowy are a problem for the company’s classic diet model. Weight Watchers tries to participate in the business with the weight loss injections via the in-house telemedicine platform. But sales continued.

At the announcement, Weight Watchers emphasized that the step for the more than three million members worldwide should not have any consequences.