Weight Watchers Shares Dive, as People Pause Diets, Post-Lockdown.<br />Weight Watchers Shares Dive, as People Pause Diets, Post-Lockdown.<br />The BBC reports that shares in <br />WW International, formerly known as <br />Weight Watchers, have plummeted 25%.<br />The BBC reports that shares in <br />WW International, formerly known as <br />Weight Watchers, have plummeted 25%.<br />The company said the drop was <br />the result of people putting their diets <br />on hold following lockdown.<br />At the end of June, the weight loss firm, backed by talk show host Oprah Winfrey, had 4.9 million subscribers, down from 5 million in 2020.<br />While people are acknowledging <br />their need for recommitting <br />to weight loss and wellness, <br />our recent consumer research <br />shows that, at the moment, <br />they're also asking for a pause <br />to enjoy social reconnection, Mindy Grossman, CEO WW International, via BBC.<br />While people are acknowledging <br />their need for recommitting <br />to weight loss and wellness, <br />our recent consumer research <br />shows that, at the moment, <br />they're also asking for a pause <br />to enjoy social reconnection, Mindy Grossman, CEO WW International, via BBC.<br />With both traffic and search under pressure, this sentiment shift appears to be across the weight loss and wellness category, Mindy Grossman, CEO WW International, via BBC.<br />Sales of the company's branded <br />products also dropped 6.9%.<br />Sales of the company's branded <br />products also dropped 6.9%.<br />WW International was founded <br />in 1963 in New York City.<br />The company provides a weight-management <br />and food plan to subscribers.<br />The company provides a weight-management <br />and food plan to subscribers.<br />It also sells branded goods such as magazines, snack foods and drinks.<br />Talk show host Oprah Winfrey bought a<br />10% stake in the company in 2015 <br />and is now a member of its board.<br />Talk show host Oprah Winfrey bought a<br />10% stake in the company in 2015 <br />and is now a member of its board.<br />Other high-profile ambassadors for <br />the company include actress Kate Hudson <br />and comedian James Corden.<br />Other high-profile ambassadors for <br />the company include actress Kate Hudson <br />and comedian James Corden
