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Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Nearly 1,000 people were employed by the company before it went out of business. According to its website, she said working out at the gym alone “doesn’t lead to long-term weight loss.” She opened the first branded weight-loss center in 1983. Named after its founder, the Jenny Craig business started when she couldn’t lose weight after giving birth to her second child. However, it recently fell into financial difficulties, holding roughly $250 million of debt at one point. The program provided nutritionally balanced menus, including entrees, desserts and snacks, designed to help people lose weight. Jenny Craig was one of the pioneers of weight loss and diet programs. Jenny Craig’s website now shows a message teasing its return this fall. The company also operates Nugenix, Lumiday and Instaflex.Ī price wasn’t disclosed, but court filings show Jenny Craig’s intellectual property to be priced up to $10 million. Jenny Craig won’t be combined with any of Wellful’s other brands, notably Nutrisystem, rather it will be managed separately and be an independent brand within Wellful’s portfolio. Wellful CEO Brandon Adcock said that customers “expect products delivered quickly and easily to their door, and our e-commerce supply chain will enable us to deliver on that expectation.” (Photo by Joe Raedle/Getty Images) Joe Raedle/Getty Images Reports indicate that the Jenny Craig company will undergo potential mass layoffs as it begins a hunt for a buyer.
MIAMI, FLORIDA - APRIL 28: A person walks past a Jenny Craig weight loss store on Apin Miami, Florida.
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