From www.ibtimes.co.uk: (US context) WeightWatchers, founded in 1963, is preparing to file for bankruptcy due to $1.6 billion in debt and a significant drop in subscribers, attributed largely to competition from weight-loss drugs like Ozempic.

The company’s attempt to adapt by acquiring a telehealth provider fell short, resulting in a continued decline in revenue despite a slight uptick in new subscribers.

With ongoing negotiations with creditors, WeightWatchers faces a potential end as it struggles to maintain relevance in the evolving weight-loss market.