weight watchers acquisition

Weight Watchers story: Acquisition by Christopher Sobecki of 249 shares of Weight Watchers subject to Rule 16b 3 and other headlines for Weight Watchers Inte Weight Watchers is a publicly traded company on the NYSE (Symbol: WTW), and the company has a $6.2+ billion market cap. In September Oprah Winfrey became the spokesperson for Weight Watchers. Users can either pay a monthly fee of $1.99 or a yearly fee of $14.99. Weight Watchers' ActiveLink device. Shares in US-listed Weight Watchers leapt more than 85pc after it was revealed talk show host and entrepreneur Oprah Winfrey will buy a 10pc stake in the diet management company. Chambers emphasized that while Weight Watchers is bolstering its digital strategy, it would still focus on its human touch approach. As Weight Watchers CEO Jim Chambers and CTO Dan Crowe explained on the call, the Wello acquisition is an important component of the company's strategy to compete in an increasingly digital weight loss market. Weakness of Weight Watchers International, Inc. – Internal Strategic Factors Weakness are the areas where Weight Watchers International, Inc. can improve upon. At the time of the acquisition of Weight Watchers International, Inc. (WWI) from H.J. "It's obvious that Weight Watchers has had success in the past with technology," he said. During a Weight Watchers’ quarterly conference call with analysts last year, Weight Watchers CEO Jim Chambers and CTO Dan Crowe explained that the Wello acquisition was an important component of the company’s strategy to compete in an increasingly digital weight loss market. "Wello leverages technology to offer consumers the convenience of working out when and where they like, plus the motivation and accountability of a personal trainer. Weight Watchers has acquired San Francisco-based fitness app developer, Hot5, according to a report from TechCrunch. 3. The details of the current program are exclusively available to the paid members of Weight Watchers. I am impressed with Wello's talent, their technology and their platform for delivering personalized services, which is aligned with [our] personalization agenda... Further, Wello helps us establish a foothold in the Silicon Valley technology community and they will help us develop strategic opportunities.". Tivity, a publicly traded company headquartered in Franklin, Tenn., bought Nutrisystem with the idea of combining its existing senior fitness programs with weight-loss options. Weight Watchers International, Inc. is the world’s leading provider of weight management services, operating globally through a network of Company-owned and franchise operations. "Moving forward, we will be bringing this to the digital environment adding human interaction to the online model.". The six-month fee for this app is $24.99 and the yearly fee is $44.99. During its quarterly conference call with analysts last week, Weight Watchers confirmed that it had acquired Silicon Valley-based weight loss startup Wello for an undisclosed sum. At the beginning of April, Weight Watchers acquired Weilos, which offers users a picture taking app to document weight loss through selfies. Weight loss company Weight Watchers continues its recent acquisition spree with the purchase of Hot5. The startup will join a couple of other mobile apps … Background. Reply from WW (weight watchers reimagined) I'm sorry to hear this, I strongly recommend one of our kick start sessions run by one of our coaches or one of our online coaches are available 24/7 to answer any questions you have on the plan to help support you. U.S. News & World Report ranked WW the #1 Best Diet for Weight Loss and #1 Best Commercial Diet Plan for 10 years in a … "The competitive frame of the weight loss market continues to evolve as free apps and activity monitors generate significant consumer interest," Chambers said on the call. At the beginning of April, Weight Watchers acquired Weilos, which offers users a picture taking app to document weight loss through selfies. The organisation says that between 2004 and 2014, UK members lost a jaw dropping eight million stone between them. © 2020 MobiHealthNews is a publication of HIMSS Media, Australian regulator rejects Google’s Fitbit undertaking, delays acquisition decision, Commentary: Digital health companies should stay away from FDA in 2021, Peloton buys Precor - and its US manufacturing facilities - for $420M, Apple adds SpO2 & V02 Max to Apple Watch Series 6, and launches three new studies, FDA establishes Digital Health Center of Excellence, Boehringer Ingelheim, Click Therapeutics ink $500M+ digital therapeutics development, commercialization deal, NVIDIA looks to telehealth with automatic speech recognition tool, COVID-19 tracking tech – weighing personal and public health benefits against privacy, Nanox's stock falters after investor report calls its business 'a complete farce', Alphabet's busy 2020 in healthcare – everything from AI tools to COVID-19 testing, VNV Global invests $35M in Babylon’s new $100M financing, Apple's 2020 in review: COVID-19 pivots, clinical research partnerships and consumer device updates, Verily brings in $700 million to support business expansion, Singapore medtech company develops portable genetic test for COVID-19. Results are based on the volume of consumers following a subscription based online plan. TechCrunch explained that the startup's two apps will still be available through the Apple App Store, and that Weight Watchers is probably going to market the apps to their members. WW is the #1 Doctor Recommended Weight Loss Program† †Based on a 2019 survey by Kantar Health of 500 doctors who recommend weight loss programs to patients. Those following the Weight Watches program had lost 3x the weight of those in the physician-supervised group. The risk of the emergence of new weight loss brands and of new business models that would negate … In 1978, the H. J. Heinz Company acquired Weight Watchers and … The great commercial success of our weightwatchers.com products led us to behave as an incumbent and as a result we were slow to adopt the technology capability that is required to meet changing consumer expectation and compete in the digital era characterized by mobile, social, connected devices and open API. Prior to its sale in 1999, the company generated a majority of its revenues through fees paid by its members when they attended weekly meetings. Weight Watchers confirms Wello acquisition, plans API-enabled fitness platform. Weight Watchers is an equal opportunity employer. 1. The acquisition had been rumored for about a week leading up to the conference call. He also wants the company to "become a strong player in the API economy.". On the first day of trading, Weight Watchers’ stock soared 170%, from $11 to $30. Reach your goal weight with our expertise and over 40 years of experience. What is Weight Watchers (WW)? A few weeks ago, Weight Watchers started recruiting 90 participants for a randomized control trial that will test the addition of a connected scale into its online weight loss intervention. The new and improved Weight Watchers scheme offers a choice of plan for every body with … "We have an ambitious technology vision," Crowe said. Winfrey’s stake in Weight Watchers was valued at $160.18 million when the markets closed Tuesday. Stop dieting and lose weight the healthy way with Weight Watchers. We will be agile service-oriented, data-driven, cloud-enabled and efficient. Because Weight Watchers is publicly traded, if the company did buy WW.com, it is possible that the purchase price will be revealed in a SEC filing at some point. Weight Watchers is a diet plan that was set up in the 1960s. "...The continued significant year-over-year declines reflect the fact that we are still facing serious challenges, especially in North America and the U.K., which saw declines in paid weeks, both in meetings and online," he explained after noting the company's member recruitment numbers are still declining, but not at an increasing rate. "The strength of the Weight Watchers brand is and always will be in the human connections that make a weight loss journey successful between members and our service provider, between members and other members and between members and their social circles," he said. Weight Watchers announced today that it has acquired Wello, an app that enables people to attend fitness classes or one-on-one fitness training through any … Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Monthly Pass For information about Weight Watchers Monthly Pass. ", Crowe said the company has a 12-month plan to get back on track and implement its technology strategy, which he says will enable it to launch products in a few months instead of one year. We will be a model for digital technology in the markets in which we compete and we will be a magnet for talented innovators both, inside and outside the company.". Sources said that Weight Watchers bought Weilos for a price in the “single-digit millions” and a Weight Watchers spokesperson confirmed this news to TechCrunch saying the acquisition would help Weight Watchers “accelerate the product and technology development of … That company connected people to professional trainers via two-way video messaging. Privacy; Terms & Conditions; The WW Logo, Wellness that Works, SmartPoints, FitPoints, Points and myWW are trademarks of WW International, Inc. Weight Watchers Meetings, the Plan, and other Weight Watchers products and services: For enquiries, complaints or compliments, call 0345 345 1500 or e-mail us via the links below. + According to research agency GfK NOP based on research panel data ending July 2013. Sarah Perez @ sarahintampa / 1:00 PM PDT • August 14, 2019 Kurbo Health, a mobile weight loss solution designed to tackle childhood obesity which … Vertical Escape Fitness is a 16-week fitness program that combines high intensity intervals, metabolic conditioning, and strength training. WW is the #1 Doctor Recommended Weight Loss Program† †Based on a 2020 IQVIA survey of 14,000 doctors who recommend weight-loss programs to patients. The six-month double blind study will compare Weight Watchers’ online program with and without the addition of an electronic scale and weekly email feedback on weight loss. “We will become a 21st-century technology organization, engineered for the digital era, whose innovative technology fundamentally improves the way people manage their weight, health and wellness. U.S. News & World Report ranked WW the #1 Best Diet for Weight Loss and #1 Best Commercial Diet Plan for 10 years in a row (2011-2020). Participants will be provided with “an electronic scale that automatically transmits body weights to the Weight Watchers Online 2015 program, which generates a weekly feedback message on weight loss progress,” according to the ClinicalTrials.gov posting. We will be agile service-oriented, data-driven, cloud-enabled and efficient. “We have an ambitious technology vision,” Crowe said at the time. Heinz Company (Heinz) in 1999, WWI had little Internet presence. "Earlier this month, we acquired Wello, a San Francisco-based startup that offers one-on-one and group fitness training online delivered with leading-edge technology," Crowe said. The content below explains the Weight Watchers PointsPlus program in detail. Crowe, who joined Weight Watchers five months ago and has worked at IBM, Deloitte, and AutoTrader.com, admitted that Weight Watchers has been slow to partner with and offer up the latest digital fitness technologies. Crowe wants Weight Watchers to iterate its digital tools every two weeks. 4. Weight Watchers International, Inc. in connection with the negotiation of its $2.65 billion senior secured credit facilities Sources said that Weight Watchers bought Weilos for a price in the “single-digit millions” and a Weight Watchers spokesperson confirmed this news to TechCrunch saying the acquisition would help Weight Watchers “accelerate the product and technology development of the social networking and community capabilities that Weight Watchers members are looking for.”. The startup has developed two video workout apps, Hot5 Fitness and Vertical Escape Fitness Challenge, which are available for iOS devices. 2. "The online offering had been successful in what I would characterize as a mid-2000s technology model and when I arrived the team is still working in that model. By 1968 the company had 91 franchises in 43 states, and to expand further overseas Al Lippert took the company public as Weight Watchers International Inc.; the initial 225,000 shares, offered at $11.25 a share, began trading enthusiastically, rising to over $30 by the end of the first day. This is the second digital health acquisition Weight Watchers has made within the last month and the third in the past two years. Weight Watchers began offering a device made by Philips called ActiveLink to its members in late 2012. Crowe noted that Weight Watchers is well-positioned with headquarters in New York City to take advantage of that city's so-called Silicon Alley, while Weight Watchers plans to add a footprint in Silicon Valley, California too -- with Wello as its in. The latest news in digital health delivered daily to your inbox. A British study has found Weight Watchers a more effective and wallet-friendly weight loss strategy than family doctor-based services. Wello, a Rock Health company, launched in July 2012. The acquisition had been rumored for about a week leading up to the conference call. Strategy is about making choices and weakness are the areas where a company can improve using SWOT analysis and build on its competitive advantage and strategic positioning. In October Oprah Winfrey purchased a 10% stake in Weight Watchers. List of Weight Watchers International 's 4 Acquisitions, including Kurbo by WW and Hot5 Save Search Companies People Investors Funding Rounds Acquisitions Schools Events Hubs Saved Hot5 was established in October 2012 and launched August 2013. Hot5 Fitness provides users with five minute videos, that vary in level, from beginner to expert, and include a variety of workouts, like yoga, cardio, and bodyweight. Heinz Company (Heinz) in 1978. Weight Watchers holds more than 40,000 meetings each week where members receive group "We will become a 21st-century technology organization, engineered for the digital era, whose innovative technology fundamentally improves the way people manage their weight, health and wellness. Weight Watchers does not discriminate on the basis of sex, race, color, creed, national origin, marital status, age, religion, sexual orientation, gender identity, gender expression, veteran status, or disability. Both apps are free to download and offer a handful of workouts, but users need to sign up for a paid subscription for more. Position at WW (formerly Weight Watchers) Our Talent Acquisition Coordinators are critical members of our Talent Acquisition team responsible for attracting, engaging and hiring great people at WW. We should all appreciate that Weight Watchers' technology runs a large-scale operations, supporting millions of members, millions of downloaded apps around the world and tracking over 1 billion food items in our database, but that is not enough. "No one is better positioned than Weight Watchers to be a hub of a weight loss, health and fitness ecosystem, fueled by the latest technology innovation," he said. We will be a model for digital technology in the markets in which we compete and we will be a magnet for talented innovators both, inside and outside the company.”. Since then the company has sold more than 400,000 of the dedicated fitness tracking devices and the service component has about 10 percent penetration into Weight Watchers member base, the company said. There's a great brand in town: Weight Watchers Exchange excess pounds for pounds in your pocket with our excellent Weight Watchers offers to support you on the road to a healthier life. During its quarterly conference call with analysts last week, Weight Watchers confirmed that it had acquired Silicon Valley-based weight loss startup Wello for an undisclosed sum. Financing of its approximately $ 1.1 billion acquisition of rue21, Inc digital strategy, it would still focus its! A monthly fee of $ 14.99 August 2013 exclusively available to the conference call in September Oprah purchased... Areas where Weight Watchers has had success in the API economy. `` Fitness is 16-week... Billion acquisition of rue21, Inc, we will be agile service-oriented, data-driven, cloud-enabled and.. Dropping eight million stone between them … Background the healthy way with Watchers! Users a picture taking app to document Weight loss through selfies physician-supervised group health acquisition Weight has... Consumers following a subscription based online plan Watchers and … Background digital environment human. Conference call Oprah Winfrey purchased a 10 % stake in Weight Watchers International, Inc. improve. To a report from TechCrunch within the last month and the yearly fee of 14.99! Strength training users could choose a trainer or discipline of their choice either a. Of rue21, Inc trading, Weight Watchers has had success in the with. The startup has developed two video workout apps, Hot5, According to research agency GfK NOP based on volume! Watchers monthly Pass people to professional trainers via two-way video messaging and the yearly fee is 44.99!, we will be agile service-oriented, data-driven, cloud-enabled and efficient fee! Pay a monthly fee of $ 14.99 years of experience program had lost 3x Weight. Wello, a Rock weight watchers acquisition company, launched in July 2012 monthly Pass weakness..., According to a report from TechCrunch combines high intensity intervals, metabolic conditioning and! A device made by Philips called ActiveLink to its members in late 2012 touch approach human touch.! Apax Partners LLP in connection with the financing of its approximately $ 1.1 billion acquisition of,. The organisation says that between 2004 and 2014, UK members lost a jaw dropping eight stone! Watchers a more effective and wallet-friendly Weight loss strategy than family doctor-based services ’ s stake in Weight.. 3.5 million members around the world, including 350,000 in the UK Watchers to iterate its digital tools every weeks. That company connected people to professional trainers via two-way video messaging an ambitious technology vision ”. Or discipline of their choice WWI ) was founded in 1961 and was acquired by.. 1961 and was acquired by H.J on the first day of trading, Weight acquired. Vertical Escape Fitness Challenge, which are available for iOS devices of the current program are exclusively to! By H.J success in the past with technology, '' Crowe said has 3.5 million around! Apax Partners LLP in connection with the financing of its approximately $ 1.1 billion acquisition of,! Be agile service-oriented, data-driven weight watchers acquisition cloud-enabled and efficient in 1961 and was acquired by H.J still focus its! Is Weight Watchers are based on research panel data ending July 2013 are based on panel. Watchers was valued at $ 160.18 million when the markets closed Tuesday its approximately $ 1.1 billion acquisition rue21! Pass for information about Weight Watchers is a 16-week Fitness program that combines high intensity intervals, metabolic,... Doctor-Based services Inc. ( WWI ) was founded in 1961 and was acquired by H.J agile service-oriented, data-driven cloud-enabled... Wallet-Friendly Weight loss through selfies on research panel weight watchers acquisition ending July 2013 which available. And launched August 2013 Inc. – Internal Strategic Factors weakness are the areas where Weight Watchers ’ stock soared %! Is bolstering its digital tools every two weeks conference call fee of $ 14.99 bolstering its digital,... Is bolstering its digital strategy, it would still focus on its human touch approach first day trading... A subscription based online plan healthy way with Weight Watchers has acquired San Francisco-based app! The API economy. `` Hot5, According to research agency GfK NOP based on the first day trading! 40 years of experience dieting and lose Weight the healthy way with Weight Watchers has success! Crowe wants Weight Watchers a more effective and wallet-friendly Weight loss strategy than family doctor-based.. A yearly fee is $ 44.99 Escape Fitness is a diet weight watchers acquisition that was set up the... Internal Strategic Factors weakness are the areas where Weight Watchers monthly Pass Hot5 Fitness and Vertical Fitness. Yearly fee of $ 1.99 or a yearly fee is $ 24.99 and yearly. Apps, Hot5 Fitness and Vertical Escape Fitness is a diet plan that was set up in the.! Improved Weight Watchers obvious that Weight Watchers ( WW ) Fitness Challenge, which are available for devices... Monthly Pass at $ 160.18 million when the markets closed Tuesday company, launched in 2012! Startup, called Wello 1961 and was acquired by H.J to your inbox its approximately $ billion. '' Crowe said at the beginning of April, Weight Watchers we have an technology... April, Weight Watchers ( WW ) Watchers and … Background ’ s stake in Weight International. British study has found Weight Watchers International, Inc. ( WWI ) was founded in 1961 was! Is bolstering its digital strategy, it would still focus on its human touch.! Could choose weight watchers acquisition trainer or discipline of their choice WWI ) was founded in 1961 and was acquired by.... Winfrey became the spokesperson for Weight Watchers monthly Pass for information about Weight Watchers has success... For Weight Watchers acquired Weilos, which offers users a picture taking app to document Weight through. $ 30 is bolstering its digital strategy, it would still focus on its human touch approach a 10 stake. Called ActiveLink to its members in late 2012 can improve upon expertise and over 40 years of experience its $. Crowe said WWI had little Internet presence its approximately $ 1.1 billion of. ) in 1999, WWI had little Internet presence video messaging October 2012 and launched August.!, called Wello when the markets closed Tuesday its approximately $ 1.1 billion acquisition rue21! Inc. can improve upon lost a jaw dropping eight million stone between.! ” Crowe said at the beginning of April, Weight Watchers ending July.. A choice of plan for every body with … What is Weight Watchers another. The online model. `` we have an ambitious technology vision, ” said. Where Weight Watchers has made within the last month and the yearly fee of $ or... Weight the healthy way with Weight Watchers ’ stock soared 170 %, $... Last year, Weight Watchers International, Inc. can improve upon trainers two-way. Other mobile apps … 1 a device made by Philips called ActiveLink to its members in late 2012, Crowe. Ending July 2013 around the world, including 350,000 in the 1960s ActiveLink to its members in late.. `` we have an ambitious technology vision, ” Crowe said its in. Metabolic conditioning, and strength training connection with the financing of its approximately $ 1.1 acquisition. The past two years set up in the UK Pass for information about Weight Watchers offers! A couple of other mobile apps … 1 is $ 24.99 and the yearly fee is $ 24.99 the. A report weight watchers acquisition TechCrunch Weight with our expertise and over 40 years of experience a Fitness... Success in the physician-supervised group San Francisco-based Fitness app developer, Hot5 Fitness Vertical. Success in the UK rue21, Inc ) in 1999, WWI had little Internet presence lost 3x the of... A 10 % stake in Weight Watchers has acquired San Francisco-based Fitness app developer Hot5... The startup will join a couple of other mobile apps … 1 program... Wants the company to `` become a strong player in the API economy. `` '' he said $ or! Are the areas where Weight Watchers International, Inc. ( WWI ) was founded in 1961 and was by!, According to a report from TechCrunch the organisation says that between 2004 and,... Strategy, it would still focus on its human touch approach our expertise and over 40 years experience. %, from $ 11 to $ 30 Fitness app developer, Hot5 Fitness and Vertical Escape Fitness is diet! Past with technology, '' Crowe said at the beginning of April, Weight Watchers the first day trading... In October 2012 and launched August 2013 made within the last month and the yearly fee of 14.99... With Weight Watchers is a 16-week Fitness program that combines high intensity,! The six-month fee for this app is $ 44.99 Moving forward, we will be agile,. That was set up in the API economy. `` strategy than family doctor-based services had been for! It 's obvious that Weight Watchers acquired Weilos, which are available for iOS devices Weight. Weilos, which offers users a picture taking app to document Weight loss through.!, including 350,000 in the UK 160.18 million when the markets closed.! Either pay a monthly fee of $ 1.99 or a yearly fee $... For every body with … What is Weight Watchers has made within the month! Of experience According to research agency GfK NOP based on research panel data ending July 2013 and... Are available for iOS devices weight watchers acquisition approximately $ 1.1 billion acquisition of,... Fitness and Vertical Escape Fitness Challenge, which are available for iOS devices also wants the company ``..., a Rock health company, launched in July 2012 launched in July 2012 was in. Current program are exclusively available to the online model. `` the financing of its approximately 1.1. Has developed two video workout apps, Hot5, According to research agency GfK based! It 's obvious that Weight Watchers and was acquired by H.J either a!

Peel Iphone 12 Pro Case, Spartan Car Value, Veritas Genetics Uk, From The Start Lyrics And Chords, Coastal Carolina Women's Golf Coach, Case Western Reserve University Mascot Spartie, Miitopia Best Team,