WeightWatchers will file for bankruptcy in the coming weeks after finally negotiating a deal on its $1.6 billion of debt. The health and wellness company has struggled with declining revenue in the face of competition from weight loss drugs such as Ozempic. Now the company will use a pre-packaged filing meaning it will enter Chapter 11 bankruptcy with a debt-restructuring deal already agreed with its lenders, Bloomberg reported. This should allow the company to move out of bankruptcy quickly and keep its business running as normal in the process.
Read More >> Full Article on Source: JAST MAG
#US #LA #Celebrities #Lifestyle #CA #AU #FR #Campbell #Young Thug #Tyler Warren #Salvy #Zelensky #Shay Shay