The Carlsbad-based company told employees it could not secure enough financing to continue.
, whose weight-loss centers have helped millions of Americans shed pounds amid a culture of obesity and fast food, announced it will close its doors after four decades in business.
In an email sent to employees late Tuesday, the Carlsbad-based company attributed the closures to its “inability to secure additional financing.”When Jenny Craig was acquired by H.I.G. Capital for an undisclosed amount in April 2019, it operated 500 company-owned and franchise stores in the U.S. and Canada and roughly 600 worldwide.
Company-owned centers where members pick up meals, consult with coaches and weigh in were closed as of Wednesday, May 3, management said, adding that franchise-owned locations may remain open.Hourly center employees’ last working day was Tuesday. Workers will receive a final paycheck, including full compensation through their last working day as well as unused paid time off, NBC said.
MIAMI, FLORIDA – APRIL 28: People walk past a Jenny Craig weight loss store on April 28, 2023 in Miami, Florida. Locally, Jenny Craig weight-loss centers can be found in Valencia, Granada Hills, Studio City, Woodland Hills, Burbank, Pasadena, Palmdale, San Dimas, Brea, Torrance, Long Beach, Irvine, Anaheim, Riverside and Aliso Viejo.that Jenny Craig Inc. was looking for a buyer as it grappled with cash-flow pressures. The H.I.G.
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