The company plans to eliminate $1.15 billion in debt and switch its focus to telehealth and weight loss drug prescriptions.

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Weight Watchers, the brand built on providing support for people who are trying to lose weight, filed for bankruptcy protection. The company is burdened with debt as more customers turn to medication.

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.

The iconic weight management brand’s Chapter 11 filing comes as weight-loss drugs such as Ozempic have ascended.

The once-popular weight management company WeightWatchers has filed for Chapter 11 bankruptcy in an effort to alleviate some ...

The type of bankruptcy allows WeightWatchers to continue operating while it restructures its assets and fights to continue operating.

WeightWatchers filed for bankruptcy to try to reduce debt as it expands its telehealth business. In this photo illustration, ...

WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on ...

WeightWatchers has filed for bankruptcy as more Americans turn to weight loss drugs to slim down.