The food company and the entertainment mogul announced Wednesday, Jan. 25, that they’d formed a joint venture called Mealtime Stories LLC , which will offer “ready to eat refrigerated products across multiple categories,” which “will make real, nutritious products more accessible to everyone.” Winfrey acquired a 10% stake in Weight Watchers , paying $43.2 million in October 2015 and joining the company’s board.
Category: Dieting
Here’s Why Weight Watchers International, Inc. Lost 46% in 2016
After reality set in and it became clear that the former talk-show host did not possess a magic way to turn the company around, its shares went on a sort of yo-yo diet. They popped on hints of good news or comments by Winfrey, then they tanked when those effects wore off: After opening 2016 at $21.34, Weight Watchers closed the year at $11.45, a 46% drop.