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 their diets by using a points system, with the goal to try and avoid foods with higher points.
At its peak in 2018, WeightWatchers had 4.5 million subscribers, and its stock traded as high as $100 (£75). But it has since lost value and rebranded to become WW International.
So what is behind the slimming down of WeightWatchers?
Loss of subscribers
The company ended 2024 with 3.3 million subscribers,…
