WW International Files Chapter 11 Bankruptcy for WeightWatchers, Citing $1.15 Billion Debt and Competition from Weight Loss Drugs

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Updated May 9, 2025, 04:46 PM

WW International, the parent company of WeightWatchers, filed for Chapter 11 bankruptcy protection in early May 2025 to address $1.15 billion in debt. The filing comes amid growing competition from weight loss drugs such as Ozempic and Wegovy, which have gained popularity among Americans seeking alternatives to traditional dieting. WeightWatchers, once a dominant force in the weight loss industry, has seen its stock price plummet by more than 40%, falling from a peak of $101 in 2018 to less than a dollar in 2025. The company plans to restructure and pivot towards providing telehealth services for weight loss medications. This development reflects a broader shift in the weight management market, where pharmaceutical solutions are increasingly preferred over conventional programs.

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