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Founded in 1963 by Jean Nidetch, WeightWatchers began as a weekly weight-loss support group with just 400 attendees. It quickly grew into a global phenomenon, attracting millions of members worldwide ...

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The type of bankruptcy allows WeightWatchers to continue operating while it restructures its assets and fights to continue operating.

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The well-known and popular diet company, which assigns point values to foods, was founded more than 60 years ago.

WeightWatchers, the 62-year-old program that revolutionized dieting for millions of people around the world, has filed for bankruptcy.