Jenny Craig, a once-popular weight loss and nutrition business, announced its closure after 40 years due to an inability to secure additional financing.<br /><br />The Carlsbad, California-based company, which has operated about 500 company-owned and franchised stores across the U.S. and Canada, was acquired by buyout firm H.I.G. Capital in April 2019 for an undisclosed amount.<br /><br />Last week, employees at the company’s California office received a WARN Act notice that Jenny Craig would be closing the office on June 24, but could close as soon as May 5.
