Weight Watchers Bankruptcy: What Led To The Chapter 11 Filing?
Ww international ww. o, formerly known as weightwatchers, has filed for chapter 11 bankruptcy protection on tuesday in a bid to cut its debt after hugely popular obesity drugs upended its business. Weightwatchers said tuesday it is filing for chapter 11 bankruptcy protection to eliminate $1. 15 billion in debt and focus on its transition into a telehealth services provider. Sarah grillo/axios weightwatchers filed for chapter 11 bankruptcy protection tuesday, saying it plans to slash debt and stay in business. Weightwatchers files chapter 11 to cut $1. 15b debt. Operations continue as normal with plans to emerge in 45 days.
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Ww international, formerly known as weightwatchers, filed for chapter 11 bankruptcy protection on tuesday in a bid to cut its debt after hugely popular obesity drugs upended its business model.
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