Weight Watchers International, Inc. Stock News

WW International , formerly known as WeightWatchers, is on track to exit its financial reorganization to cut $1.15 billion in debt next week as part of its bankruptcy process, the weight management firm said on Tuesday.

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Health and wellness companies are embracing weight-loss drugs and building offerings around them in an effort to avoid the fate of WeightWatchers, which declared bankruptcy this week, citing vastly increased use of the new blockbuster medicines.

One day after WeightWatchers said that it would file for bankruptcy, weight-loss drug giant Novo Nordisk's outlook is brightening.

WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its transition into a telehealth services provider.Parent WW International Inc. said it has the support of nearly three-quarters of its debt holders. It expects to emerge from bankruptcy within 45 days, if not sooner.WeightWatchers, which was founded more than 60 years a...

Weight Watchers International (NASDAQ:WW) shares plunged 43% to $0.45 as it struck a deal for a "pre-packaged" Chapter 11 bankruptcy, aiming to clear $1.15 billion of debt off its balance sheet. The company, officially known as WW International, has cut a deal with a group of lenders and bondholders holding around 72% of its debt, with the process expected to zip through the courts in around 45...

WW International (NASDAQ: WW) declared Chapter 11 bankruptcy to eliminate $1.15B in debt. U.S.-China trade talks are set to resume with U.S. officials meeting their Chinese counterparts in Switzerland.

Shares of WW International Inc. WW+11.19% lost nearly half their value in premarket trading Wednesday, after the company known as Weight Watchers filed for bankruptcy, as the health and wellness company faced mounting debt burden.