Weight Watchers
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| Formerly | Weight Watchers (1963–2018) |
|---|---|
| Company type | Public |
| Founded | May 15, 1963 Queens, New York, U.S. |
| Headquarters | 675 Avenue of the Americas, 6th Floor New York, NY 10010 |
Key people | Sima Sistani, President & CEO |
| Products | Weight loss, Packaged foods, Exercise products |
| Revenue |  $1.5 billion (2018)[1] |
| $267.305 million (2017) | |
| $163.514 million (2017) | |
| Total assets |  1.246 billion (2017) |
| Total equity | -1.015 billion (2017) |
Number of employees | 18,000 (as of 2017[update]) |
| Website | weightwatchers.com |
WW International, Inc., formerly Weight Watchers International, Inc., is a global company in the United States. It offers weight loss and maintenance, fitness, and mindset services. It has a Weight Watchers diet.[2] It was started in 1963 by Jean Nidetch in Queens, New York City, It works online by its mobile app and website, coaching online or by phone, or in-person meetings.[2] People pay a subscription for the service.[3]
In 2018, the company rebranded to "WW". This was to show "its development from focusing on weight loss to overall health and wellness."[4][5] The company was then worth about $145 million. The rise of weight loss drugs like Semaglutide damaged the business. In 2023 it bought Sequence, a telehealth company. That meant it could prescribe drugs. Sequence was rebranded as WeightWatchers Clinic.[6]
References
[change | change source]- ↑ Treffis Team Staff. "Time to Sell Weight Watchers Stock?". Forbes. Retrieved 5 November 2019.
- ↑ 2.0 2.1 "What is Weight Watchers Diet?". U.S. News & World Report. Retrieved May 21, 2018.
- ↑ "Column: First Oprah, now a scientific study: Weight Watchers offers wary investors another story". Los Angeles Times. 2016-02-22. Retrieved 2024-04-09.
- ↑ Hope, Katie. "Weight Watchers drops 'weight' from name". BBC News. September 24, 2018.
- ↑ Wahba, Phil (24 September 2018). "What's in a Name? Weight Watchers Changes Name to 'WW'". Fortune. (registration required)
- ↑ "WeightWatchers faces an era when weight loss comes in a syringe". www.ft.com. Retrieved 2024-04-09.