Australian users of WeightWatchers (WW) have been assured the business is in a good position after the American wing of the company filed for bankruptcy. After helping people lose kilos all over the world for 62 years, the iconic brand is struggling to maintain its presence.
With around US$1.5 billion (AUD$2.3 billion) worth of debt, filing for Chapter 11 will help reduce that massive load, and the company plans to become a publicly traded company within 40 days. Yahoo Finance understands that, for subscribers in Australia, nothing will change with their membership.
“We’re continuing to operate business as usual, which means no…
