Weightloss Tipsby Jane Fields Graphic Designer
he company has been hurt by the popularity of fitness trackers and other health apps Recommended Features
- meal plan
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Review on Weightloss TipsOprah Winfrey, who has publicly struggled with her weight for decades, is going on a diet again. But this time she stands to gain a lot of money from her efforts. Weight Watchers said Monday that it signed a five-year deal with the former talk show host. Winfrey, a co-owner of OWN: The Oprah Winfrey Network, is paying about $43.2 million for a 10 percent stake in the weight loss company.The deal is already paying off: Weight Watchers shares more than doubled after the partnership was announced, earning Winfrey about $45 million on paper.
Winfrey will use the Weight Watchers mobile app and work with a personal coach, the company said. She has also agreed to let Weight Watchers use her name, image and likeness for its products and services. Additionally, she will make appearances on the company's behalf.
"Weight Watchers has given me the tools to begin to make the lasting shift that I and so many of us who are struggling with weight have longed for," Winfrey said in a statement. "I believe in the program so much I decided to invest in the company and partner in its evolution."
Weight Watchers is no stranger to celebrities. It has paid singers Jessica Simpson and Jennifer Hudson to promote its plan. But the deal with Winfrey is a shift to focus on overall health and wellness, rather than just dropping pounds.
"We are expanding our purpose from focusing on weight loss alone to more broadly helping people lead a healthier, happier life," said Weight Watchers President and CEO Jim Chambers said in a statement.
The company has been hurt by the popularity of fitness trackers and other health apps. Weight Watchers charges for its online food tracking, and weekly meetings and weigh ins have been a hallmark of its plan.
MyFitnessPal lets users track steps, workouts and the amount of calories they eat for free on its app. Buying a FitBit tracker unlocks similar free online tools.
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Created on Aug 11th 2019 15:57. Viewed 118 times.
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