Weight-Loss Brand Jenny Craig to Close Down Operations
- HIG Capital-owned business had been looking for a buyer
- Company struggled amid pandemic and increasing competition
A person walks past a Jenny Craig weight loss store in Miami, Florida.
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Jenny Craig, the weight loss and nutrition business backed by HIG Capital, will shut down after four decades of operation after failing to secure additional financing, according to an employee.
Management informed workers of the news in an email late Tuesday, and company-owned centers where members pick up meals, consult with coaches and weigh in are closed as of Wednesday, the employee said, adding that franchise-owned locations may remain open.