Shake-up WeightWatchers slims down debts amid tough competition

WEIGHTWATCHERS has emerged from bankruptcy after slimming down its debts, as it pledged to combine weight-loss jabs with lifestyle changes amid “quick fixes” dominating the market.

- Anna WISE

The company said it was shaking up its leadership team and launching a new menopause programme.

The group filed for bankruptcy in the US in May in order to eliminate 1.15 billion US dollars (£840 million) worth of debt on its balance sheet.

The court process enabled it to restructure its finances and write off the debts, which made up more than 70% of the total amount, while agreeing new terms to pay back its lenders.

WeightWatchers' chief executive Tara Comonte had said it needed to transform amid a “rapidly evolving weight managing landscape”.