Weight Watchers bankrupt

Weight Watchers, the dieting lifestyle brand, filed for bankruptcy on Tuesday. Weight-loss drugs, keto and the rest of it left the company an 'icon of a bygone dieting era,' writes the Wall Street Journal.

The company announced Tuesday it has entered Chapter 11, which 'will bolster its financial position, increase investment flexibility in its strategic growth initiatives, and better serve its millions of members around the world.'

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