Jenny Craig going out of business after 40 years

Jenny Craig, the weight loss and nutrition business that helped people lose weight through coaching and meals, will shut down after four decades of operation after failing to secure additional financing.

Management informed workers of the news in an email late Tuesday, and company-owned centers where members pick up meals, consult with coaches and weigh in were closed as of Wednesday, the employee said, adding that franchise-owned locations may remain open.

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Jenny Craig, Inc.

Jenny Craig, Inc., often known simply as Jenny Craig, was an American weight loss, weight management, and nutrition company. The company had more than 700 weight management centers in Australia, the United States, Canada, and New Zealand. The program combined individual weight management counseling with a menu of frozen meals and other foods which were distributed through its centers or shipped directly to clients. On May 4, 2023, the company announced that it was going out of business after 40 years.

In 2002, Jenny Craig, Inc., was acquired by MidOcean Partners, a New York and London-based private equity investment firm, and ACI Capital, a New York-based private investment firm

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Jenny Craig

Jenny Craig was an American weight loss, weight management, and nutrition company. The company had more than 700 weight management centers in Australia, the United States, Canada, and New Zealand. The program combined individual weight management counseling with a menu of frozen meals and other foods which were distributed through its centers or shipped directly to clients. On May 4, 2023, the company announced that it was going out of business after 40 years.

Throughout the 1990s, the company's share price declined as it ran into a series of financial troubles involving weight loss drugs, employee training, and costly leases before eventually being delisted from the New York Stock Exchange in August 2001. Jenny Craig stock then traded over the counter

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Jenny Craig

an American weight loss, weight management, and nutrition company. The company had more than 700 weight management centers in Australia, the United States, Canada, and New Zealand. The program combined individual weight management counseling with a menu of frozen meals and other foods which were distributed through its centers or shipped directly to clients. On May 4, 2023, the company announced that it was going out of business after 40 years.

On May 2, 2023, Jenny Craig announced to employees via email that the company will wind down operations, lay off all employees, and possibly switch to an e-commerce model. The company had been pursuing a sale for some time

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