WeightWatchers files for bankruptcy protection to eliminate debt burden
Headline from KOB 4
NEW YORK (AP) — WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its transition into a telehealth services provider.
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NEW YORK (AP) — WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its transition into a telehealth services provider.
WeightWatchers, a company that started with one housewife in New York and grew to be the biggest company of its kind, is filing for Chapter 11 bankruptcy.
The famed US diet company originally known as WeightWatchers said it has filed for bankruptcy but will continue operations while its $1.15-billion debt is restructured.
WW International, formerly known as WeightWatchers, has filed for Chapter 11 bankruptcy protection on Tuesday in a bid to cut its debt after hugely popular obesity drugs upended its business model.
WeightWatchers has filed for Chapter 11 bankruptcy to eliminate $1.15 billion in debt as it undergoes a financial reorganization to expand its telehealth business.
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WeightWatchers files for bankruptcy protection to eliminate debt burden | Since Then
