Weightwatchers prepares to declare himself in bankruptcy in the coming months as part of a plan to control the business to his creditors, the Wall Street Journal reported Wednesday, citing people’s family with the matter.
The weight management firm is negotiating with lenders and stunners, according to the report, and adds that restructuring discussions are not related to market collapse and foreign trade tensions due to Trump administration fees announcement.
The company’s shares increased 3.7% to 48 cents in the afternoon negotiation.
The company did not promote a comment reuters request.
Last year, the Magnate of the Media Oprah Winfrey announced that it would leave the Board of the Dietary Company to “eliminate any conflict of interest perceived around it by taking weight measurements.”
