Summary: WeightWatchers, founded in 1963 and known for its diet programs, filed for Chapter 11 bankruptcy due to competition from popular obesity drugs like Ozempic. The company, rebranded as WW International in 2018, struggled to maintain demand for its traditional weight loss programs and reported a loss of $345.7 million in 2024. The reorganization plan aims to eliminate $1.15 billion in debt.

Link: https://www.straitstimes.com/business/companies-markets/weightwatchers-files-for-bankruptcy-as-obesity-drugs-like-ozempic-reshape-market