(Reuters) -WW International, also known as WeightWatchers, is preparing to file for bankruptcy in the coming months as part of a plan to hand control of the business to its creditors, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The weight management firm is negotiating with lenders and bondholders, the report said, adding that the restructuring discussions are unrelated to the market meltdown and foreign trade tensions due to the Trump administration’s tariff announcement.
Shares of the company were up 3.7% at 48 cents in afternoon trading.
The company did not immediately respond to a Reuters request for comment.
(Reporting by Mariam Sunny in Bengaluru; Editing by Alan Barona)
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