Nutri/System: Fed Up And Selling Out?
Nutri/System, the weight-loss outfit, may soon be sold. Combined, the company's losses have topped $98 million in recent years. It also is struggling to resolve the last of numerous suits filed by customers who allege that the diet has damaged their gallbladders. Nutri/System denies liability. Now, says Dr. Richard L. Gordon, a California psychologist who owns 86 Nutri/System franchises, the company is negotiating with several buyers and will probably be sold this year--maybe within a month. A company spokesman declines comment.