The weight loss and nutrition company Jenny Craig has reportedly told employees that they’re shutting down operations. All locations will close, and more than 1,000 employees will be laid off.
Jenny Craig was being shopped to investors for a while, either as a sale or to secure additional financing. Neither happened, so it’s going belly-up.
There’s a chance the company could spin-off into some kind of online-only situation, but for now, it sounds like it’s coming to an end.
Jenny Craig was launched in 1983 in Australia. It came to the U.S. in 1985, and it became one of the world’s largest weight loss companies. Ten years ago, they had more than 4,000 employees working in around 700 locations.
The actual Jenny Craig is a woman from Louisiana, who was born Genevieve Guidroz. She married her husband Sidney Craig in 1979. Jenny is still around, but she’s retired. She’ll be 91 years old this summer.
(JennyCraig.com makes no mention of this, and is still advertising packages where you can “Start today!”)