13 h. ago WeightWatchers files for bankruptcy after rise of fat loss injections Ozempic and Mounjaro

The legal process will see $1.15bn (£860mn) of the 60-year-old diet brand's debt written off while it agrees new terms for paying back its lenders.

Economics

13 h. ago WeightWatchers files for bankruptcy after rise Ozempic and Mounjaro

The legal process will see $1.15bn (£860mn) of the 60-year-old diet brand's debt written off while it agrees new terms for paying back its lenders.

Politics

29 h. ago Weight Watchers files for bankruptcy to help compete with Ozempic

Once boasting up to five million subscribers and backed by the likes of Oprah Winfrey, the company is now trying to shed debt and restructure

Politics

32 h. ago WeightWatchers files for bankruptcy to help them compete with Ozempic

Once boasting up to five million subscribers and being backed by the likes of Oprah Winfrey, the company is now trying to shed debt and restructure

Politics

33 h. ago WeightWatchers files for bankruptcy as people turn to weight

WeightWatchers' parent company said it expects to emerge from bankruptcy within 45 days, if not sooner.

Politics

44 h. ago WeightWatchers files for bankruptcy protection to eliminate debt burden

WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its transition into a telehealth services provider

Economics

7 d. ago Lawyers for New Orleans clergy abuse survivors ramp up pressure to depose archbishop

Lawyers for hundreds of survivors argue Gregory Aymond should be questioned under oath about role in the clergy abuse crisisA group of attorneys representing clergy abuse survivors is ramping up pressure to get the archbishop of New Orleans, Gregory Aymond, under oath before a judge decides whether to kick the church out of bankruptcy.Lawyers for hundreds of survivors filed a motion Wednesday to end the church’s Chapter 11 bankruptcy protection, a day before the fifth anniversary of a case that’s paid none of about 500 survivors but has cost the archdiocese around $45m in legal and professional fees. Continue reading...

Events

1 week ago Joann fabrics is closing 112 stores today — see the full list of locations

The announcement of the store closures comes a month after the brand filed for Chapter 11 bankruptcy

Politics

1 week ago Rite Aids could be closing down as company eyes second bankruptcy in two years

The troubled drugstore chain previously filed for Chapter 11 bankruptcy in 2023, which resulted in more than 800 store closures

Politics

2 w. ago Clean up on aisle four: the Toys R Us movie shows shopping and cinema are now interchangeable

The retail chain that filed for bankruptcy in 2017 believes a film starring mass produced kids’ merch will be a good way to refresh its brand relevance. Let’s all blame Barbie Seth Rogen’s Apple TV+ show The Studio has a compelling character at the centre; a studio executive who loves cinema but is forced to churn out endless soulless dreck based on increasingly miserable IP. In real life, however, it would be silly to assume that someone would be creatively barren enough to make a film based on Kool-Aid. And this is because in real life people are creatively barren enough to make a film about Toys R Us.Variety has reported that a live-action Toys R Us movie is in the works, made by Toys R Us Studios which is apparently a real thing that exists in the world. The movie is said to be a live-action film, along the lines of Night at the Museum and Big, which “aims to capture that childhood wonder in a modern, fast-paced adventure that taps into the Toys R Us brand’s relevance across its...

Economics

4 w. ago No more big checks? Famed Publishers Clearing House known for doorstep giveaways files for bankruptcy

The company has awarded more than $500 million in prize money since 1953

Politics

4 w. ago WeightWatchers prepares to file for bankruptcy as it struggles with the rise of popular weight

WeightWatchers has plans to file for bankruptcy in the coming months, a source familiar with the matter said on Wednesday.  

Politics