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Weight-loss company Jenny Craig to shut down after 4 decades

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Jenny Craig, the weight loss business backed by HIG Capital, is shutting down after failing to secure additional financing. Find out more.

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Management informed workers of the news in an email late Tuesday, and company-owned centres where members pick up meals, consult with coaches and weigh in are closed as of Wednesday, the employee said, adding that franchise-owned locations may remain open.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Bloomberg News previously reported that the company was mulling bankruptcy if a buyer didn’t surface. The company also had plans to move to an online-only model but it’s unclear whether that will happen, the employee said. The company didn’t respond to a request for comment.Article content

 

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Weight-loss company Jenny Craig to shut down after 4 decadesJenny Craig, the weight loss business backed by HIG Capital, is shutting down after failing to secure additional financing. Find out more.
Source: financialpost - 🏆 7. / 85 Read more »