WeightWatchers (WW) announced Tuesday that it is filing for bankruptcy in an attempt to crawl out of more than $1 billion in debt. The move comes as the company refocuses on prescribing weight loss GLP-1 drugs like Ozempic.
The once-iconic weight loss company, controlled by parent company WW International Inc, said it plans to emerge from bankruptcy within 45 days and will continue operating, according to NPR.
The company announced its shift to prescribing weight loss drugs in 2023, but has struggled to compete in a competitive market. It also lost its most prominent spokesperson, Oprah Winfrey, in 2024, who left the board after announcing that she was on a weight-loss medication.