Jenny Craig is closing its offices and facing bankruptcy
Jenny Craig, a weight-loss firm that has been helping people lose weight for over 35 years, is reportedly on the brink of bankruptcy and is set to close its offices on Friday, May 5th. According to ABC News, the company, which offers personalized weight loss plans and support to clients across Canada, the United States and Australia, has struggled to keep up with changing trends in the weight loss industry.
Jenny Craig's parent company, North Castle Partners, has been exploring options for the struggling firm, including a potential sale or bankruptcy filing. However, it's unclear what the future holds for the company or its employees.
Jenny Craig's closure would come as a surprise to many, as the weight loss industry has continued to grow in recent years. However, the company has faced stiff competition from other weight loss brands.
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Image: Jenny Craig's office in Vaughan, ON seen on Google Street View footage in July 2022. © Google