Weight-loss company Jenny Craig’s Australian and New Zealand operations have officially folded, just five days after reassuring the public they would “currently continue to operate and support our clients”.
The Australian management team was reluctant to appoint administrators, but was left with no choice, Strawbridge said. “We are working with the Australian and New Zealand leadership team to trade the businesses with a view to attracting new capital to restructure the Australian and New Zealand companies.
The company has cycled through a number of owners: Miami-headquartered private equity firm HIG Capital acquired the Jenny Craig business, including its Australian operations in 2019, but since earlier this year had been looking to sell the business.
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