Weight Watchers' History
Founded in 1963 by Jean Nidetech, this is now an international company operating in about 30 countries basically under various names and franchisees. From 1978 to 1999, the company was owned by H.J Heinz Company and it got a plethora of packaged products in the market with this brand name. In a leveraged buyout, Artal Luxembourg acquired it in 1999 and it was open to the public in 2001 although Artal still holds 50% stake in the company. Keeping the philosophy simple and effective, the company has grown from strength to strength and has registered revenue of $1.724 billion in the year 2013.
Weight Watchers' Values
A huge organization in itself, the company has 25,000 employees across the globe servicing both online and regular customers. The overall objective of the organization is to help people lose weight through a customized, individual or group based program.
What makes Weight Watchers' unique?
The principle on which the diet and exercise regimen of the individuals are designed is on 'PointsPlus' system which aids weight loss by computing the difference between the number of calories consumed and number of calories burnt and thus working on that data. They make an individual a lifetime member and give him certain privileges if he maintains his weight and the moment it increases by over 2 pounds of his target weight, the membership is lost.