Jenny Craig, the weight-loss chain, has confirmed that it is shutting down for good.

“It is with a heavy coronary heart, we’re asserting the shut of our enterprise,” a be aware on its Fb web page late Thursday. “The final 40 years wouldn’t have been attainable with out you.” 

Uncertainty surrounding its future began final week on experiences that the corporate was alerting workers of layoffs and “winding down bodily operations” of its almost 500 weight-loss facilities in the USA and Canada. Roughly 1,000 folks might be out of a job, in response to NBC Information.

Jenny Craig hasn’t returned CNN’s request for remark. Nonetheless, its web site is now not energetic and shows the identical message from its Fb web page.

Jenny Craig

An individual walks previous a Jenny Craig weight reduction retailer on April 28, 2023 in Miami, Florida. 

Clients are being instructed that “all auto-delivery subscriptions have been canceled” and that “all teaching classes, meals orders and merchandise gross sales have ceased on-line and in company facilities.”

Jenny Craig’s program offered nutritionally balanced menus, together with entrees, desserts and snacks, designed to assist folks shed extra pounds. Bloomberg reported final week that the corporate has roughly $250 million of debt and is contemplating a chapter submitting if efforts to discover a purchaser for its property failed.

It is the newest signal of main adjustments within the weight-loss business, introduced on by standard new prescription diabetes medicine reminiscent of Wegovy, Ozempic, and Rybelsus that can be used to assist folks shed extra pounds. These comparatively new medicine work by stimulating the discharge of insulin, which helps decrease blood sugar. In addition they sluggish the passage of meals by the intestine.

The FDA authorised Ozempic for the administration of diabetes in 2017 and Wegovy for weight reduction in 2021. Conventional weight-loss firms are scrambling to regulate.

WeightWatchers, for instance, is stepping into the prescription weight-loss drug enterprise. The corporate, now referred to as WW Worldwide, just lately purchased Sequence, a telehealth subscription service that connects sufferers with docs who can prescribe weight-loss and diabetes medicine. The $106 million acquisition of Sequence will give WW a foothold into the rising marketplace for pharmaceuticals to handle weight reduction.

Ozempic has gained reputation partly attributable to celebrities utilizing it for weight reduction. However there are lots of considerations with utilizing diabetes medicine for weight reduction, together with excessive prices and shortages which might be making it more durable for folks with diabetes to acquire the medicine.

CNN’s Nathaniel Meyersohn contributed to this report.


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