WeightWatchers has filed for bankruptcy in the US as it struggles with debt and fierce competition from fat-loss jabs like Ozempic and Mounjaro. The legal process will see $1.15bn (£860mn) of the 60-year-old diet brand’s debt written off while it agrees new terms for paying back its lenders. WeightWatchers said it will remain “fully operational”…
JSW Steel faces tax benefit reversal after Supreme Court scraps Bhushan Power takeover The Economic Times Read the original article here
WeightWatchers has filed for bankruptcy. The diet brand, which was founded more than 60 years ago, said on Tuesday that it was filing to write off $1.15bn of debt and to focus on transitioning into a remote telehealth services provider. Founded in 1963 by American businesswoman Jean Nidetch, the company aims to help members monitor…
In the 2005-06 season, the Miami Heat celebrated a historic milestone by clinching their first-ever NBA championship, defeating the Dallas Mavericks 4-2 in the Finals. One of the key players in that title run was Antoine Walker, who joined the team at the start of the season and carried with him a compelling story of…
How Abengoa Group impacted the Spanish economy EY Read the original article here
Sarah Champion, the Labour MP for Rotherham, said the situation at Liberty Steel was ”deeply troubling”, adding that the Liberty plant was critical for speciality steel in aerospace, defence and Formula One. ”I have repeatedly urged the government to take all necessary steps to safeguard the plants themselves and the workforce,” she said. “I will…
Getty Images As part of a new Channel 4 documentary, Michael Sheen has used £100,000 of his own money to write off £1m of people from South Wales’ debts Sheen said he did not have £100,000 to “throw around” and therefore wanted the project to be “effective”. Despite initial doubts, an encounter with a woman…
THE Tobacco Industry and Marketing Board (TIMB) yesterday launched a debt relief programme under the Tobacco Inputs Credit Scheme (TICS), offering renewed… To access this post, you must purchase a subscription. Please click the button below to visit our subscriptions page to select a package. Subscriptions Read the original article here
Devon bakery business goes bust with huge unpaid debts Plymouth Live Read the original article here
JCPenney launches liquidation sales up to 90% as more store closures loom MSN Read the original article here