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Diet Industry

All articles tagged with #diet industry

health-and-wellness2 years ago

WeightWatchers CEO's Surprising Shift: Embracing Weight Loss Drugs

WeightWatchers CEO, Sima Sistani, is betting the company's future on weight loss drugs like Wegovy and Ozempic, recognizing that they have upended the diet industry. Sistani made radical changes, including ending in-person workshops and closing storefronts, to focus on these medications. WeightWatchers also acquired a telehealth business to issue virtual prescriptions for weight loss drugs. Analysts believe these changes could generate $455 million in new revenue by 2025. While some longtime users feel betrayed by the shift away from in-person meetings, Sistani believes WeightWatchers can provide a safe and trusted source for these medications. The company's recent earnings report showed net income of $43.7 million for Q3 2023, compared to a net loss of $206 million in the same period last year.

via CNN|
#diet-industry#health-and-wellness#semaglutide
business2 years ago

Jenny Craig's Weight-Loss Empire Comes to an Abrupt End

Weight loss company Jenny Craig is going out of business, marking the end of an era for the diet industry. The company, which was founded in 1983, had been struggling in recent years due to increased competition from other weight loss programs and the rise of wellness trends. The closure of Jenny Craig highlights the changing landscape of the diet industry and the growing emphasis on overall health and wellness rather than just weight loss.

via CNN|
#business#business-closure#diet-industry
business2 years ago

Jenny Craig's Weight-Loss Empire Collapses: Abruptly Closing Stores and Laying Off Employees.

Jenny Craig Inc., a weight-loss program that ruled the diet industry for decades, is set to close after four decades due to financial troubles and waning interest in dieting. The company was founded by Jenny Craig and her husband in 1983 and grew to employ over 1,000 people and manage more than 660 weight-management centers across Australia, the United States, Canada, and New Zealand. The program centered on prepackaged foods and one-on-one coaching and attracted celebrity endorsements from Mariah Carey, Queen Latifah, Jessica Simpson, Jason Alexander, and Kirstie Alley. Craig's personal experience with weight loss and her desire to help others slim down led to the creation of the program.

via The Washington Post|
#business#celebrity-endorsements#diet-industry
health2 years ago

Weight-loss drugmakers seek Medicare coverage and challenge diet charlatans.

The author expresses anger towards the food industry and diet peddlers for creating a system that makes it difficult for people to lose weight. The article discusses the potential benefits of GLP-1 agonist weight-loss drugs, which mimic a hormone that reduces appetite. The author argues that these drugs could be a game-changer for people struggling with weight loss and could put diet peddlers out of business. However, the author acknowledges the need to address issues of access and affordability for long-term success.

via The Washington Post|
#diet-industry#food-environment#glp-1-agonists