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WeightWatchers files for bankruptcy amid rising use of Ozempic, other obesity drugs
Reuters via NY Post ^ | 5/06/25

Posted on 05/07/2025 2:44:32 AM PDT by Libloather

WW International, formerly known as WeightWatchers, has filed for Chapter 11 bankruptcy protection on Tuesday in a bid to cut its debt after Ozempic and other hugely popular obesity drugs upended its business model.

Shares of the company, which once boasted of media mogul Oprah Winfrey as one of its top shareholders, slumped 40% in extended trading after announcing plans to file for bankruptcy as part of a reorganization plan with a group of its lenders.

WeightWatchers began as weekly weight-loss support group meeting with 400 attendees, and quickly turned into a worldwide phenomena with millions of members across the globe.

But the rising popularity of GLP-1 drugs such as Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound hit demand for its traditional weight-loss programs.

It also acquired a telehealth provider to provide weight-loss drugs in 2023, but reported a loss of $345.7 million last year, while its subscription revenues fell 5.6% year-over-year.

WW said the reorganization plan will eliminate $1.15 billion in debt from the company’s balance sheet. The company has accumulated substantial debt of around $1.6 billion.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Conspiracy; Health/Medicine; History
KEYWORDS: bankruptcy; drugs; ozempic; weightwatchers
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To: Libloather

Pretty sick - a while back, there was a story abut an Aussie woman who misused Ozempic as a weight loss drug, died from it.

Then they discovered they can make a lot of money by “repurposing” a diabetes drug for weight loss - and have insurance cover much of the expenses...


21 posted on 05/07/2025 5:56:30 AM PDT by trebb (So many fools - so little time...)
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To: Libloather

What I heard is that you need to go to a physician who specializes in using this drug for weight loss who will manage and monitor you while you are on it. Aside from the expense, I still don’t trust it.


22 posted on 05/07/2025 6:00:20 AM PDT by KittyKares
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To: Libloather

Lazy way over the hard work way.


23 posted on 05/07/2025 6:02:57 AM PDT by Jane Long (Jesus is Lord!)
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To: T.B. Yoits

In 2024, Oprah Winfrey resigned from her position on the board of WeightWatchers after 10 years, admitting to using weight loss drugs.


Not surprising, with that fraud of a broad.


24 posted on 05/07/2025 6:04:14 AM PDT by Jane Long (Jesus is Lord!)
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To: Libloather

Weight Watchers is going to get slimmed down through the Bankruptcy Court.


25 posted on 05/07/2025 6:10:44 AM PDT by Towed_Jumper (Please remain seated until your civilization comes to a complete stop.)
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To: Libloather

They had a good run.
.....

Company with a good run of customers who didn’t..


26 posted on 05/07/2025 7:24:54 AM PDT by delchiante
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To: DesertRhino

Unsafe. My husband took it for almost a year for diabetes. Then it paralyzed his digestive system. Very dangerous stuff.


27 posted on 05/07/2025 7:33:35 AM PDT by ViLaLuz (2 Chronicles 7:14)
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To: Libloather

It’s a re-org. They’ll still be around. And probably with less stuff. Turning WW into a food and drug empire was a mistake.


28 posted on 05/07/2025 7:35:23 AM PDT by discostu (like a dog being shown a card trick)
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To: SaveFerris

Lolz

My grandmother really struggled with her weight. She attended Weight Watchers programs and hated it. They really push their pre made meals.


29 posted on 05/07/2025 7:44:16 AM PDT by wyokostur
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To: DesertRhino

My girlfriend and I were at lunch last week. She always uses weight watchers and I go on Atkins to lose weight. All of her female colleagues are on One pic and they have lost a lot of weight but they look terrible and as soon as they stop they gain it back quickly.


30 posted on 05/07/2025 7:47:45 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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