But this is the first time she has made such an investment in a public company. Winfrey also plans to give Weight Watchers unfettered access to her name and face for marketing purposes. Winfrey said in a statement.
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Though one of the best-known names in weight loss, the year-old Weight Watchers has had declining membership rolls in recent years as it has lost out to newer and more technologically oriented paths to shedding pounds, including weight-loss apps and fitness-tracking devices.
Only one analyst out of eight had encouraged investors to buy shares of Weight Watchers.
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But that did not stop Ms. Throughout the years, Ms. Winfrey has been open about her struggle to maintain her own ideal weight. She embraced a liquid diet in the s and lost more than 60 pounds — sending sales of the regiment, Optifast, skyward — only to regain some of the weight and later renounce the move.
Years later, she ran the Marine Corps Marathon, finishing in 4 hours, 29 minutes.
She agreed to offer her name and face to Weight Watchers and no other weight-loss products for five years with the option to renew afterward, according to a filing with the Securities and Exchange Commission. From Wikipedia, the free encyclopedia. Discovery, Inc.
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Oprah Winfrey is so furious with Tyler Perry she excluded him from her annual holiday
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