Markets
DOW
S&P 500
NASDAQ
Hot Stocks
Fear & Greed Index
----- is driving the US market
Latest Market News
----- is driving the US market
Something isn't loading properly. Please check back later.
Ad Feedback
Ad Feedback
By Jordan Valinsky, CNN Business
2 minute read
Published 11:02 AM EDT, Wed July 5, 2023
Video Ad Feedback
Hollywood's Ozempic craze, a real-life 'Succession' drama, and the downfall of HQ Trivia
13:29 - Source: CNN
Top business news 16 videos
Video Ad Feedback
Hollywood's Ozempic craze, a real-life 'Succession' drama, and the downfall of HQ Trivia
13:29
Now playing
- Source: CNN
Video Ad Feedback
Costco is running out of gold bars to sell. Financial expert reacts
01:22
Now playing
- Source: CNN
Video Ad Feedback
The price of chocolate is soaring. Here's why
01:18
Now playing
- Source: CNN
Video Ad Feedback
As college cost passes $90K, 'the middle class is losing ground'
04:17
Now playing
- Source: CNN
Video Ad Feedback
'Million Dollar Listing LA' star reveals how clients are insuring homes amid rising rates
00:59
Now playing
- Source: CNN
Video Ad Feedback
Apple co-founder calls out 'hypocrisy' of politicians calling for TikTok ban
02:06
Now playing
- Source: CNN
Video Ad Feedback
Donald Trump may be on the verge of a massive financial win
02:52
Now playing
- Source: CNN
Video Ad Feedback
See why some Chinese people are boycotting a popular brand
02:10
Now playing
- Source: CNN
Video Ad Feedback
The stock market set a new record. Here's what that means for the economy
02:06
Now playing
- Source: CNN
Video Ad Feedback
Why you should think twice before buying a new phone
02:16
Now playing
- Source: CNN
Video Ad Feedback
Real estate CEO says Trump could sell Mar-a-Lago 'quickly' to secure $464 million bond
01:10
Now playing
- Source: CNN
Video Ad Feedback
Boeing issues alert about pilot seats after mid-air nosedive
02:36
Now playing
- Source: CNN
Video Ad Feedback
Macy's downsizing stores to reinvest in luxury retail
01:06
Now playing
- Source: CNN
Video Ad Feedback
How this new methane satellite will hold government and companies accountable
02:07
Now playing
- Source: CNN
Video Ad Feedback
CNN reporter tries Starbucks' unconventional new latte flavor
01:04
Now playing
- Source: CNN
Video Ad Feedback
'Shark Tank' star says Trump engaged in regular behavior for real estate development
01:24
Now playing
- Source: CNN
New York CNN —
Weight loss brand Jenny Craig is getting a second lease on life.
Nutrisystem’s parent company Wellful is rebooting the brand this fall in a “convenient direct-to-consumer delivery model,” the company announced Wednesday. Jenny Craig went bust in May after more than 40 years in business because of growing competition from trendy diets and weight loss drugs like Ozempic.
One major change is that Jenny Craig’s weight loss centers won’t be reopened, and the company will live entirely online. However, it will still deliver the “same delicious food and personalized coaching that millions of Jenny Craig customers have come to know and love,” the company said.
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.”
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. The company also operates Nugenix, Lumiday and Instaflex.
A price wasn’t disclosed, but court filings show Jenny Craig’s intellectual property to be priced up to $10 million. Jenny Craig’s website now shows a message teasing its return this fall.
Jenny Craig was one of the pioneers of weight loss and diet programs. The program provided nutritionally balanced menus, including entrees, desserts and snacks, designed to help people lose weight. However, it recently fell into financial difficulties, holding roughly $250 million of debt at one point.
Named after its founder, the Jenny Craig business started when she couldn’t lose weight after giving birth to her second child. 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.
Nearly 1,000 people were employed by the company before it went out of business.
Ad Feedback
CNN Business Videos
Ad Feedback
Ad Feedback