WeightWatchers files for bankruptcy

WeightWatchers has filed for bankruptcy in the US after struggling to find a way to combat the rocketing popularity of weight-loss drugs.

In a statement, the company said it was taking “strategic action” to eliminate a mountain of debt, which has now reached US$1.15bn (£1.13bn).

The company said it had struck a deal with the holders of approximately 72% of the outstanding principal amount of the Company’s term loan facility, revolving credit facility and 4.5% senior secured notes. As part of the agreement, WeightWatchers has voluntarily initiated “pre- packaged” chapter 11 cases in the United States Bankruptcy Court. In its latest financial report, covering the first three months (Q1) of 2025, the company said revenues had fallen by 9.7% compared to Q1 2024. Despite filing for bankruptcy, the company said it remained “fully operational”.

Tara Comonte, CEO, said: “For more than 62 years, WeightWatchers has empowered millions of members to make informed, healthy choices, staying resilient as trends have come and gone.

“The decisive actions we’re taking today, with the overwhelming support of our lenders and noteholders, will give us the flexibility to accelerate innovation, reinvest in our members, and lead with authority in a rapidly evolving weight management landscape.

“As the conversation around weight shifts toward long-term health, our commitment to delivering the most trusted, science-backed, and holistic solutions has never been stronger, or more important.”