This week, news broke that WeightWatchers has filed for bankruptcy in the US. In 1968, five years after its launch, the group boasted more than 1 million members around the world. A decade later, the business would sell for more than $71 million. It peaked at 5 million subscribers in 2020, but has struggled since the pandemic with the rise of drugs like Ozempic and Mounjaro. The legal process will see millions of the 60-year-old diet brand's debt written off while it agrees new terms for paying back its lenders, and the company will be acquired by a group of investors.
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