WeightWatchers Filed For Bankruptcy

WeightWatchers has filed for bankruptcy in the US as it struggles with debt and fierce competition from fat-loss jabs like Ozempic and Mounjaro. The legal process will see $1.15bn (£860mn) of the 60-year-old diet brand's debt written off while it agrees new terms for paying back its lenders.

WeightWatchers began as weekly weight-loss support group meeting with 400 attendees, and eventually gained millions of members across the globe. But demand for its programs has dropped while the popularity of weight-loss drugs such as Wegovy and Zepbound has risen - although the brand does sell weight medications as part of its programs.

The brand reported a net loss of $346m (£260m) last year, while its subscription revenues fell 5.6% compared with the year before. On Tuesday, it reported that subscription revenues in the first three months of 2025 were down 9.3% - although its clinical business, which includes weight-loss medication, saw revenues up more than 57%.

The brand's total liabilities of $1.88bn are greater than the value of its assets. It said it "expects [the] reorganization plan to be confirmed in approximately 40 days and to emerge as a publicly traded company."

WeightWatchers renamed itself "WW" in 2018 as it shifted to focus on promoting health beyond weight-loss.