WeightWatchers has filed for Chapter 11 bankruptcy, and in an exclusive interview aired on TODAY May 7, WW CEO Tara Comonte is revealing how the move will affect its 3.4 million members.
She stressed that the weight-loss company — which destigmatized weight loss and is lauded for pioneering one of the best weight loss programs — has no plans of shutting down.
According to Comonte, filing for bankruptcy is a twofold strategic move that will tackle the company’s more than a billion-dollar debt and give the business a boost to help it compete with an oversaturated weight-loss industry.
Why did WeightWatchers file for bankruptcy?
WeightWatchers is over $1 billion in debt, but it is not going out of business, and the bankruptcy decision…
