News Formal

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

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 80%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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

Play Video

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »