Iconic 60-year-old company edges towards oblivion

WeightWatchers is in dire trouble as it buckles under the weight of $1.6 billion in debt.

The company - whose name became a byword for the traditional weight-loss industry - has begun discussions with its lenders about restructuring, .

The rise of weight-loss drugs like Ozempic and Wegovy have upended its business model, which was .

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