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Jenny Craig’s Australia and New Zealand operations enter voluntary management | Australian News

Weight Loss Giant Jenny Craig’s Australians and new zealand Management shifted to self-management.

business established in melbourne filed for bankruptcy last week In the United States, we will close our North American headquarters and cease operations.

A representative at the time said the decision would not affect local services, but FTI Consulting was appointed Tuesday to lead any management.

The company has confirmed that the team of Vaughn Strobridge, Kate Warwick and Joseph Hansel have been appointed as voluntary managers of Jenny Craig’s Australian and New Zealand company.

“We will explore options for restructuring the Australian and New Zealand companies to avoid their fate,” the manager said. [of] U.S. business,” the statement said.

The Guardian understands that the Manager intends to continue business as usual in the short term, with the goal of any management being to secure the business in the long term.

“It’s unfortunate when a foreign parent company goes bankrupt and affects local businesses, especially when they operate independently of each other,” Strawbridge said.

“We are working with our leadership teams in Australia and New Zealand to trade the business with the aim of attracting new capital to rebuild it. Interest has already been received.

“We will work with our business associates and stakeholders to secure ongoing business and make it clear to our loyal and dedicated staff and customers as soon as possible.”

Jenny Craig was founded in Melbourne in 1983 and has made a name for itself as one of the world’s largest weight management companies.

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We have approximately 600 centers worldwide and over 500 locations in North America.

Its primary service consists of one-on-one personalized support, including nutrition and lifestyle planning.

Various celebrities have been featured as ambassadors over the years, including singer Mariah Carey and former Spice Girl Mel B (Melanie Brown).

Locally, comedians Magda Szubanski and the late Barry Humphries and his alter ego Dame Edna Everage were also ambassadors.

Private equity firm HIG Capital acquired Jenny Craig for an undisclosed amount in 2019.

https://www.theguardian.com/australia-news/2023/may/09/jenny-craigs-australian-and-new-zealand-operations-enter-voluntary-administration Jenny Craig’s Australia and New Zealand operations enter voluntary management | Australian News

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