It didn't take long for weight loss drugs like Ozempic to drive Weight Watchers into bankruptcy. Since they operate brick-and-mortar locations, they're now another candidate for my Retail Apocalypse coverage. Add that to my to-do list.I begin my crossing off by sharing TODAY reporting WeightWatchers files for bankruptcy to shed $1B+ in debt.
WeightWatchers, a major cultural force that went beyond the fitness space that’s been around for more than 60 years, files for Chapter 11 bankruptcy in a bid to shed more than $1 billion in debt and reposition itself in the industry. “We are going through this transaction to strengthen our financial foundation for WeightWatchers moving forward so that we can innovate and compete and continue to invest in our business,” president and CEO Tara Comonte says. NBC’s Christine Romans reports for TODAY.WeightWatchers decided that if they couldn't beat Ozempic and other weight loss drugs, they'd join them. Too bad things moved so quickly that they were late to that party.
Since I live in metro Detroit, I'm adding a local perspective with CBS Detroit also reporting WeightWatchers is filing for bankruptcy.
Weight Watchers, a weight loss program with a history of over 60 years, has entered the Chapter 11 bankruptcy process. WW says services for members will continue."All good things come to an end." I don't think WeightWatchers filing for bankruptcy will be the end of the company, at least for now. There will still be a need for its services, as the panelists on The View pointed out in WeightWatchers Files For Bankruptcy.
#TheView co-hosts react to injectable weight loss drugs becoming so popular that WeightWatchers filled for bankruptcy.The panelists did a good job of humanizing the issue and explaining how weight loss drugs are not the answer for everyone because of affordability and individual reactions to the medications. Behavioral modification, including diet, will still be on the menu, pun intended. At least Donald "Hoover Cleveland" Trump is trying to do something about drug affordability, which I'm adding to ending minting pennies and daylight saving time among his few good ideas. Even a stuck clock is right twice a day, and Hoover Cleveland is definitely a stuck clock.
Stay tuned for Wayback Wednesday tomorrow. I have three days of entertainment-themed retrospectives planned this week as I begin my coverage of the News and Documentary Emmy Awards nominees.

