US diet company WeightWatchers files for bankruptcy ...Middle East

The company, now known as WW International, filed for Chapter 11 bankruptcy protection that it said “will eliminate $1.15 billion in debt from the company's balance sheet, and position WeightWatchers for long-term growth and success.”

WeightWatchers has faced mounting debt as it struggled to keep pace with competition, including weight loss drugs such as Ozempic.

WeightWatchers, founded in 1963, renamed itself “WW” in 2018 as it shifted to a broader marketing strategy promoting wellness beyond weight-loss programs.

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