(qlmbusinessnews.com . Thurs 8th May, 2025) London, UK —
WeightWatchers Declares Bankruptcy Amid Soaring Popularity of Weight-Loss Injections
WeightWatchers, a global name in diet and wellness programmes, has filed for bankruptcy protection in the United States as it struggles under a heavy debt burden and waning interest in traditional dieting methods.
The brand, which has been a staple in the weight management industry for over six decades, is facing fierce competition from the rising use of weight-loss jabs such as Ozempic, Wegovy, and Mounjaro. These medications, part of a new era in weight control, have dramatically reshaped the market in recent years.
Under the bankruptcy plan, around $1.15 billion (£860 million) of WeightWatchers’ longstanding debt will be wiped clean. The company says it has already reached agreements with its lenders, who are broadly supportive of the move. Crucially, the firm insists that its day-to-day operations, including its subscription service, telehealth offerings, and in-person workshops, will continue without disruption.
“This is a necessary and strategic step,” said CEO Tara Comonte, “as the weight-loss sector undergoes one of the most significant transitions in its history.”
Founded in the early 1960s, WeightWatchers started as a small group of 400 individuals gathering weekly for support. It went on to help millions globally embrace healthier lifestyles. However, recent trends have shifted rapidly, with many now opting for medical interventions over calorie tracking and group counselling.
Despite launching its own clinical weight-loss division that includes access to weight-loss medication, WeightWatchers has struggled to keep pace. The company reported a net loss of $346 million (£260 million) last year. Its subscription revenue dipped by over 9% in the first quarter of 2025, though its clinical revenue surged by 57% during the same period.
While the firm says it is “not going out of business,” it acknowledges that it is undergoing a “significant transition” and aims to emerge from the restructuring as a publicly traded entity within 40 days.
WeightWatchers previously rebranded to “WW” in 2018 in an effort to reposition itself as a broader wellness brand rather than a diet company. However, with a total liability of $1.88 billion outweighing its assets, the firm’s future now depends on the success of its restructuring and ability to remain relevant in a fast-evolving landscape.
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