The end of WeightWatchers? How the dieting club lost out to slimming drugs

TruthLens AI Suggested Headline:

"WeightWatchers Faces Bankruptcy Amid Rising Popularity of Weight Loss Drugs"

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TruthLens AI Summary

WeightWatchers, originally founded in 1963 as a support group for overweight individuals in New York, has evolved into a global weight loss program that has served millions over the decades. Its points-based approach, which includes cookbooks, groceries, weekly weigh-ins, and community meetings, has been a staple for many seeking weight loss. However, the company, now known as WW International, is reportedly facing severe financial difficulties, with debts exceeding $1.4 billion. Sources suggest that unless negotiations with lenders prove fruitful, WW may file for bankruptcy in the coming months. The rise of weight loss drugs, particularly GLP-1 medications like Ozempic and Mounjaro, is cited as a significant factor in the decline of traditional dieting programs like WeightWatchers, as many dieters now prefer these pharmaceutical solutions that promise more effective and sustainable weight loss results.

Experts in the field are expressing concerns about the effectiveness of calorie counting and traditional dieting methods, arguing that they often fail to address the fundamental issues of appetite control and food quality. Tim Spector, a professor of genetics, notes that the emphasis on calorie restriction can lead to increased hunger, making it challenging for individuals to achieve lasting weight loss. He advocates for a focus on nutrient-dense foods rather than low-calorie options. Additionally, the introduction of programs like the NHS's Path to Remission, which emphasizes rapid weight loss for type 2 diabetes management, highlights a significant shift in the approach to weight loss. Meanwhile, competitors like Slimming World have expressed sadness over WeightWatchers' decline, emphasizing the need for comprehensive support systems for individuals seeking weight loss, regardless of the methods they choose. The changing landscape of weight loss solutions reflects broader societal shifts, with many traditional methods struggling to adapt to new scientific insights and consumer preferences, leading to a potential end for the once-dominant WeightWatchers brand.

TruthLens AI Analysis

The article highlights the challenges faced by WeightWatchers, now known as WW, in the wake of increasing competition from pharmaceutical weight loss solutions like Ozempic. It provides a narrative of decline for a once-thriving company that was built on community support and a points-based dieting program. The impending bankruptcy signals a significant shift in the dieting landscape, driven by new medical alternatives that are reshaping consumer behavior and expectations around weight loss.

Financial Struggles and Market Dynamics

WW International's reported debt of over $1.4 billion indicates severe financial distress. The mention of potential bankruptcy raises concerns about the company's future and its ability to maintain its services, which have historically provided support to millions. The shift from traditional dieting methods to pharmaceutical interventions suggests a significant change in consumer preferences, moving away from community-based support towards more clinical solutions. This change could lead to a decrease in the appeal of companies like WW, which have relied heavily on personal interactions and group meetings.

Expert Opinions and Public Perception

The insights from Tim Spector, a genetics professor, provide a critical view of the effectiveness of calorie counting and traditional dieting methods. His comments suggest that the dieting industry may need to evolve beyond outdated practices that fail to address the complexities of human appetite and food quality. This perspective aligns with a growing skepticism about conventional diets, potentially influencing public perception and creating a sense of urgency for WW to adapt or face obsolescence.

Societal Impact and Future Scenarios

The article hints at broader societal implications, particularly regarding how individuals perceive weight loss and health. As pharmaceutical solutions gain popularity, there may be a cultural shift away from community-driven weight loss support. This could lead to increased isolation for individuals seeking weight loss solutions, as the communal aspect of support groups diminishes. Economically, the decline of a major player like WW could impact the market and lead to changes in stock valuations for companies in the health and wellness sector.

Target Audience and Support

The news targets individuals who have historically relied on WeightWatchers for weight management and support. By highlighting the company's struggles, the article may resonate with those skeptical of traditional dieting approaches or those seeking effective solutions. The focus on expert opinions and shifting consumer preferences aims to appeal to a more health-conscious audience that values scientific approaches over anecdotal success stories.

Market Impact and Stock Considerations

The challenges faced by WW may send ripples through related sectors, particularly those involved in health, wellness, and dietary products. Investors may reassess their positions in companies that compete with WW, especially if a significant shift in consumer behavior towards pharmaceutical weight loss solutions continues. This could lead to volatility in the stock market for companies associated with traditional dieting methods.

Global Context and Relevance

While the article primarily discusses a specific company, it touches upon a broader trend in the global health and wellness market, reflecting changing attitudes towards weight loss and health interventions. The ongoing discourse around obesity and effective treatments remains relevant in today's societal context, aligning with larger conversations about health, wellness, and access to medical innovations.

The article appears to be credible, drawing on expert opinions and industry observations that reflect the current state of the dieting market. The language used is cautionary, underscoring the urgency of the issue while avoiding sensationalism. There is no overt manipulation detected; instead, it presents a compelling narrative that may encourage readers to reflect on their own experiences with dieting and weight management.

Unanalyzed Article Content

It began as a support group for overweight New Yorkers in 1963 and ballooned into a multimillion pound global enterprise that has spent decades selling people the dream of long-term weight loss.

The trademark WeightWatchers’ points-based programme has been followed by millions, with accompanying cookbooks, groceries, weekly weigh-ins and “judgment-free” meetings, and a food-tracking app.

But soon members of WeightWatchers – which rebranded as WW in 2018 – may be putting away their scales for the last time. WW International is preparing to file for bankruptcy and hand control to its creditors in the coming months, if its negotiations with lenders and bondholders fail,theWall Street Journalreported.

The financial troubles of the company, which is reportedly struggling with more than $1.4bn (£1bn) debt, has not come as a surprise to scientists and those who work in the diet industry, who have seen transformative change to businesses since the introduction of Ozempic and other weight loss injections. These developments may have a knock on effect on the UK operation.

“I think it’s had its day,” says Tim Spector, professor of genetics at King’s College London and co-founder of Zoe, the science and nutrition company. He thinks that meetings run by WeightWatchers, which peaked atfive million subscribers worldwidein 2020, have in the past been “a little place of refuge” for overweight and obese people who felt stigmatised elsewhere. They were once a mainstay of church and village halls across the UK, and hundreds of groups still offer meetings across the country.

But Spector said: “I think it’s a good thing. Most calorie counting is largely snake oil … it doesn’t work on the vast majority of people, because if you restrict calories, you increase appetite – and if you don’t focus on the quality of the food, you’re still eating foods that make you overeat.”

WW rewards dieters for eating low-calorie but, it says, nutrient-dense foods. Spector’s advice to people who want to lose weight is to eat “foods that fill you up because of their quality and fibre: going back to better quality and less highly processed foods, rather than cheap food that says it is ‘low calorie’, ‘low fat’ or ‘low sugar’ ”.

Spector believes advising people to “eat less and exercise more” is “flawed”, because the effectiveness of GLP-1 weight loss drugs like Ozempic, Wegovy and Mounjaro has demonstrated how important appetite is, compared with metabolism.

Last week the US pharmaceutical company Eli Lilly, which makes Mounjaro, announced it could be bringingthe first daily weight-loss pill– which uses the same GLP-1 technology – to the UK next year after trial results found it controls type 2 diabetes and helps people lose weight.

“Until you’ve dealt with the problem, which is the appetite signal … that ‘eat less, exercise more’ approach was just doomed to fail. It’s just a reality that GLP-1 drugs are so much better for people who have been suffering for a long time.”

Spector says some people have been paying WeightWatchers for too long to help them restrict their diets, while failing to achieve long-term weight loss. “Now, they’re realising that they don’t have to keep failing. They can take a drug that works.”

After the explosion of weight loss drugs, Oprah Winfrey, WW’s most famous ambassador, revealed she had been using the medication. She announced in February last year that she wouldstep downfrom the company’s board,causing its shares to dropby almost 20%, to their lowest since 2001.

The company did not respond to a request for comment last week on the reported bankruptcy, but its former chief executive Sima Sistani told theFinancial Timeslast year that adapting for the new Ozempic era was like Netflix shifting from DVDs to streaming.

As well as GLP-1 drugs, WW also has to compete with advances in scientific research. Prof Roy Taylor of Newcastle University pioneered agroundbreaking diet programme14 years ago which showed, for the first time, that type 2 diabetes could be reversed through rapid weight loss. Now, NHS England offers thePath to Remissionprogramme based on his research. Using slimming shakes, it limits calorie intake to 800 calories a day for three months for recently diagnosed overweight adults with type 2 diabetes. A year into the programme, participants lost just over 10kg on average and in a long-term study, remained more than 6kg lighter after five years.

Taylor thinks WW, which advocates gradual weight loss, was not as an effective an option for many dieters. “I’ve been listening to my patients over four decades explain to me the very real difficulties of losing weight. One of these was the nagging matter of hunger, because if you cut back what you eat a little every day, you’ll feel hungry. But once a person is established on a diet of less than 1,000 calories a day – which takes about a day and a half – the hunger becomes really quiteminimal.”

For this reason, Taylor argues it’s much easier for dieters to aim to lose weight rapidly. “It’s nonsense to say if you lose weight rapidly, you put it on rapidly,” he says. “Provided the return to eating is done in a carefully guided fashion, people tend to keep the weight off.”

He fears people who go to WW have “an unrealistic view” of just how much weight they may need to lose to avoid being at risk of developing type 2 diabetes. “People talk enthusiastically about losing a few pounds, but that’s a drop in the ocean compared with the excess weight that’s causing mischief in the body,” he says. “We need to compare ourselves withour own weight at the age of 21, because unless you become a bodybuilder, any weight gain in adult life is adipose tissue – in other words, fat,” adds Roy.

Weight loss clubSlimming World, which is the largest of its kind in the UK and runs thousands of local groups, described the decline of its biggest rival as “extremely sad” last week and reassured its members: “We’re not going anywhere.”

“Weight loss drugs are not the magic bullet for obesity,” the managing director of the club, Lisa Salmon, said in a statement. “Healthcare professionals need a full range of treatment choices for people without medicalising obesity as the first and only option.

“Everyone losing weight – with or without weight loss drugs – needs support to make changes to their diet, activity and mindset. And despite living in an increasingly digital age, people enjoy and benefit from the sense of community that comes with being part of an in-person group to receive that support.”

In-person local meetings are indeed the “lifeblood” of WeightWatchers, agreed former WW coach Ruth, who asked not to be identified. “There are a million diets and healthy eating plans you can do digitally – the difference with WeightWatchers is getting together with people who ‘get it’ – who understand what you’re going through,” she says.

But during the pandemic, WW International attempted to save $100m andlaid off an undisclosed number of the coacheswho ran these local meetings. “There was this confusing mass redundancy, and nobody knew what was happening,” Ruth says. After lockdown was lifted, WW was “left with too few coaches, and not enough meetings”, she adds. In her opinion, “they didn’t handle the pandemic well”.

Similarly, the recent introduction of a newpoints programme for people taking GLP-1 drugsdid not go down well with the WW group she coached. “Members said to me: ‘Oh, it’s cheating. That’s not fair,’ ” says Ruth. “They felt like they’d learned new ways of thinking and eating, for example about snacks, and any members that were on weight loss drugs weren’t doing that.”

Taylor argues the programme is dated. “WeightWatchers was started when there was really little contact between people who wanted to lose weight and little discussion of the issue. Having a forum to do that was enormously helpful for people. Now, life has moved on. Society has changed with social media and digital apps.” Ruth recently resigned as a WW coach and had mixed feelings when she heard the business may go bust. “It’s hugely sad, because WeightWatchers is a lifeline for so many people, but it’s no surprise to me.”

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Source: The Guardian