Jenny Craig Being Swallowed Up By Chocolate Maker Nestle
Swiss chocolate maker Nestle is betting that diets are on the rise and has agreed to pay $600 million for Jenny Craig, the weight loss company.
“Calling obesity a “major public health concern,” Nestle’s chairman and chief executive, Peter Brabeck-Letmathe, said in a statement that the Jenny Craig purchase would help transform Nestle into “a nutrition, health and wellness company that sees weight management as a key competence.”
Well I for one certainly feel better that they’re focused on our health and that it’s not our money they’re after. [Jenny Craig Being Swallowed Up By Chocolate Maker Nestle]