Jenny Craig Loses All Its Weight, Confirms Closure After 40 Years: Who Benefits? - $HLF $NUS $USNA $MED $WW
- last year
Jenny Craig, a once-popular weight loss and nutrition business, announced its closure after 40 years due to an inability to secure additional financing.
The Carlsbad, California-based company, which has operated about 500 company-owned and franchised stores across the U.S. and Canada, was acquired by buyout firm H.I.G. Capital in April 2019 for an undisclosed amount.
Last week, employees at the company’s California office received a WARN Act notice that Jenny Craig would be closing the office on June 24, but could close as soon as May 5.
The Carlsbad, California-based company, which has operated about 500 company-owned and franchised stores across the U.S. and Canada, was acquired by buyout firm H.I.G. Capital in April 2019 for an undisclosed amount.
Last week, employees at the company’s California office received a WARN Act notice that Jenny Craig would be closing the office on June 24, but could close as soon as May 5.