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Tuesday, May 09, 2023

Jenny Craig Stuffed!

Jenny Craig goes under.

Weight loss and health company started by fitness guru is going out of business.

The Jenny Craig Diet.... a popular theme of the weight loss company. Now it will be a part of history as the company is going out of business.

After 40 years in business, weight-loss chain Jenny Craig has announced it is closing down in the U.S., Canada, and possibly several other markets around the world.

Reports of the chain's demise first emerged last week, when the chain was scrambling to come up with cash to cover a looming debt payment, and warning staff of major layoffs to come

The business — which offers pre-made meals and coaching lessons to millions of people trying to lose weight — has roughly 500 franchises across the U.S. and Canada, and more globally.

Jenny with her late husband Sidney Craig.

It was founded by American entrepreneur Jenny Craig in the 1970s but changed hands numerous times over the years.

Its most recent sale was in 2019, when it was purchased by private equity firm HIG Capital for an undisclosed sum.

The chain's efforts to fix its business proved fruitless as the chain filed paperwork with bankruptcy courts in the U.S. and Canada in recent days.

"Thank you to our loyal Jenny family," a notice on the company's website reads. "It's with a heavy heart we're announcing the close of our business."

The move means that effective immediately, all of the chains activities have ceased. Any food scheduled to be delivered has been cancelled, as are all orders for coaching sessions and merchandise sales.

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