Weightwatchers Files For Chapter 11 Bankruptcy
Category
📺
TVTranscript
00:00WW International, formerly known as Weight Watchers, has filed for Chapter 11 bankruptcy
00:06to address its $1 billion in debt.
00:09The move comes amid declining revenues for the company and, notably, the rise of weight
00:14loss drugs like Ozempic and Wegovy.
00:16The company has seen six consecutive years of revenue decline and three years of substantial
00:21net losses, despite efforts to pivot towards wellness and integrate weight loss medications
00:27in its offerings.