The company plans to eliminate $1.15 billion in debt and switch its focus to telehealth and weight loss drug prescriptions.

WeightWatchers has filed for bankruptcy in the US as it struggles with debt and fierce competition from fat-loss jabs like Ozempic and Mounjaro. The legal process will see $1.15bn (£860mn) of the 60-year-old diet brand's debt written off while it agrees new terms for paying back its lenders.

WeightWatchers also said in the release that it will remain "fully operational during the reorganization process and there will be no impact to members or the plans they rely on t