Jenny Craig collapses in Australia and New Zealand after no buyer found for weight-loss company

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Jenny Craig's Australian and New Zealand operations will immediately stop trading after administrators failed to find a buyer for the weight-loss company's physical stores.

abc.net.au/news/jenny-craig-to-close-australia-new-zealand/102451450Jenny Craig's Australian and New Zealand operations is closing down after administrators failed to find a buyer for the weight-loss company's physical stores.

"Administrators have today advised all of the employees in Australia New Zealand that a sale of the business with the stores continuing to trade and staff continuing their employment has not been achievable," FTI Consulting said in a statement. "This has resulted in a decision to immediately cease trading from stores and employees being made redundant, which is an unfortunate outcome and one which the Administrators had sought to avoid."

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