Lates News

WW International Inc. has filed for bankruptcy to implement a plan supported by creditors that will cut approximately $1.15 billion in debt from its balance sheet. The company has struggled to compete with weight loss drugs like Ozempic and has found it challenging to convince customers that their weight loss programs are still worth their time with these drugs available. WW International reported a 9.7% drop in revenue in the first quarter of this year, a decrease of 14.2% in end-of-period subscription numbers, and a net loss of $72.6 million.