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(New York, NY) — WeightWatchers is preparing to file for bankruptcy over the next few months after launching its business in 1963. The health and wellness company, based in New York City, is working with lenders and bondholders on restructuring.
WeightWatchers’ preparation for bankruptcy is reportedly unrelated to Wall Street’s volatility over tariffs. Shares of the company fell 59-percent on April 9th, despite the stock market having its best day in five years.
WeightWatchers has struggled with relevancy over the past few years with the rise of weight-loss drugs like Wegovy and Zepbound as quick fixes for obesity. Known for it’s “points” approach to weight loss, the company has revised it’s program several times, even changing it’s logo to simply WW.
