The Australian-founded weight loss giant informed staff that it will close after it was reported the company had amassed around $374 million in debt.
In an email sent to US-based employees on Tuesday , the company said it will close"due to its inability to secure additional funding".It is unclear if this will affect Jenny Craig's Australian branch, which has been spruiked by celebrities like Magda Szubanski, Rebel Wilson and Mel B.
The company cited it was"winding down physical operations, likely transitioning to an e-commerce model" however Bloomberg reported some franchised locations may remain open. But the business, which offers nutritionally balanced diet programs designed to help people lose weight, had been struggling of late amid the popularity of new weight loss drugs such as Ozempic and Wegovy.
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