Jenny Craig to Shut Down Operations — Retail Bum

Weight loss and nutrition management company Jenny Craig will shut down its operations after four decades.

The company emailed its employees on Tuesday evening, stating that it would be closing down because it could not obtain further financing. Jenny Craig’s corporate and salaried field employees will finish their jobs on Friday, while the last day of work for hourly employees was Tuesday.

According to H.I.G. Capital, which acquired Jenny Craig for an undisclosed sum in April 2019, the company previously had around 500 stores that were either owned by the company or franchised in both the United States and Canada. It now has a workforce of just over 1,000 individuals.

A WARN Act notice was issued to corporate employees at Jenny Craig’s Carlsbad, California office last week, informing them that the office would shut down on June 24, 2023. However, the closure could occur earlier, potentially by Friday.

In addition, Jenny Craig provided employees with a FAQ document detailing that the company will be phasing out its physical operations to switch to an eCommerce model.

According to Bloomberg Law’s report last month, Jenny Craig was actively seeking a buyer. The company’s financial challenges were particularly troublesome over the past two weeks, which led two of…