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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When WeightWatchers filed for US bankruptcy protection this spring, as part of a deal to hand control to its secured lenders, investors could be forgiven for wondering whether this was the fat-loss company’s final Kodak … Read more
In today’s edition: Jane Fraser’s meeting with Trump, some dark horse candidates for Fed chair, and a startup pivot that led it to WeightWatchers. – Peoplehood pivot. Two years ago, SoulCycle cofounders Julie Rice and Elizabeth Cutler launched another business. It was called Peoplehood, and it was billed as a way for people to work … Read more
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. … Read more
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