WeightWatchers Prepares to File for Bankruptcy Within Weeks

WW International Inc. is preparing to file for bankruptcy within weeks after reaching a debt-restructuring deal with a majority of its lenders, according to people with knowledge of the situation.

WeightWatchers, the once ubiquitous seller of diet plans and weight-loss products, has struggled under a roughly $1.5 billion debt load amid declining revenue and the emergence of drugs like Ozempic.

WeightWatchers food products

Photographer: Michael Nagle/Bloomberg

The company wants to execute what’s known as a pre-packaged filing that would allow it to exit Chapter 11 quickly, said the people, who asked not to be identified because the information is confidential. Its day-to-day operations wouldn’t be ...