US EditionWeight Watchers bankruptcies: Company looking to restructure $1bn debt
- WeightWatchers filed for Chapter 11 bankruptcy on May 6, 2025, in Delaware to restructure over $1 billion in debt while continuing operations.
- The filing follows declines in subscribers and revenue driven by competition from weight-loss drugs like Ozempic and shifts in consumer preferences toward telehealth services.
- In 2023, WeightWatchers acquired the telehealth platform Sequence to expand into prescription weight-loss medication and clinical support.
- Interim CEO Tara Comonte highlighted the company’s dedication to offering reliable, research-based, and comprehensive approaches focused on community engagement and sustainable outcomes, stating this focus is more crucial than ever.
- The restructuring is designed to eliminate approximately $1.15 billion in debt and aims for WeightWatchers to exit bankruptcy proceedings in about 45 days, ensuring the company's continued presence in the market over the long term.
60 Articles
60 Articles
WeightWatchers CEO reveals 'future' to move from 'diet club' after bankruptcy
WEIGHTWATCHERS’ CEO has revealed the future of the company following a recent bankruptcy filing. While the chief has stressed that stable seas lay ahead for the popular program, changes will see it shift away from being a “diet club”. Getty Images - GettyWeightWatchers CEO has revealed the future of the company following a recent bankruptcy filing[/caption] WeightWatchers is one of the most well-known companies that helps its members lose weight…
How WeightWatchers won't be the last company to die thanks to Ozempic
WeightWatchers, the doyen of the diet programmes, has filed for bankruptcy as it struggles amid large debts and competition from drugs such as Mounjaro, Wegovy and Ozempic. The company has filed for chapter 11 bankruptcy in the US to give itself some protection from creditors and time to try and reorganise finances.It plans to be taken over by a group of institutional investors that own their loans and bonds. Existing shareholders will see all b…
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