WeightWatchers Faces Bankruptcy Amid Debt Crisis

WW International, known as WeightWatchers, is reportedly preparing to file for bankruptcy, as it struggles to compete with the rising popularity of weight-loss drugs like Wegovy and Ozempic. The company's financial woes include over $1.4 billion in bonds and loans due in 2028 and 2029, and its failure to attract younger customers has exacerbated its challenges. Once a leader in weight management products, WeightWatchers has seen its share price plummet by more than 90% over the past year. The company is considering handing control to creditors as part of a Chapter 11 restructuring. Oprah Winfrey's departure from its board last year further impacted investor confidence. Despite a slight rebound in share prices, the company continues to face significant financial headwinds.