© AFP
Yet another blow for Weight Watchers. The announced departure of figurehead Oprah Winfrey is causing the stock to crash sharply on the stock exchange.
The decrease is approximately 27 percent. A big blow for the company that has been struggling for a long time. Oprah’s exit as a board member of the diet organization apparently shocked many investors. Winfrey has been with the company for eight years, but is not running for a new term. Her mandate will expire in May.
Years ago, it was a logical move for Oprah and Weight Watchers to collaborate. It is common knowledge that Winfrey has struggled with being overweight her entire life. However, it later turned out that she did not only rely on Weight Watchers. For example, after People Magazine’s insistence, she admitted to also taking slimming pills. Weight Watchers had their buttocks exposed.
Winfrey also had a ten percent stake in Weight Watchers, which was worth more than 16.6 million euros just before the announcement. The celebrity has said she is donating her shares in the organization to the National Museum of African American History and Culture.
( tove)
2024-03-02 16:24:55
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