Jenny Craig, Inc.
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Jenny Craig, Inc., often known simply as Jenny Craig, is an American
weight loss Weight loss, in the context of medicine, health, or physical fitness, refers to a reduction of the total body mass, by a mean loss of fluid, body fat (adipose tissue), or lean mass (namely bone mineral deposits, muscle, tendon, and other conn ...
, weight management, and nutrition company. The company has more than 700 weight management centers in Australia, the United States, Canada, and New Zealand. The program combines individual weight management counseling with a menu of frozen meals and other foods which are distributed through its centers or shipped directly to clients.


History

Jenny Craig Jenny Craig, Inc., often known simply as Jenny Craig, is an American weight loss, weight management, and nutrition company. The company has more than 700 weight management centers in Australia, the United States, Canada, and New Zealand. The pro ...
and her husband,
Sidney Craig Sidney Harvey Craig (March 22, 1932 – July 21, 2008) was an American businessman who was the business partner and husband of weight-loss entrepreneur Jenny Craig. Together, they founded the weight-management company Jenny Craig, Inc. and ...
, founded Jenny Craig, Inc. in 1983 in
Melbourne Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a met ...
,
Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
and began operations in the United States in 1985. The company expanded rapidly after entering the U.S., opening 46 locations by 1987 as well as 114 in other countries. In 1991, the company underwent an
IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
, generating $73.5 million in funding. In 1998 Jenny Craig was operating in Australia, New Zealand, Canada, Puerto Rico and US. The revenues had fallen from $401 million in 1996 to $352 million. Throughout the 1990s, the company's share price declined as it ran into a series of financial troubles involving weight loss drugs, employee training, and costly leases before eventually being delisted from the New York Stock Exchange in August 2001. Jenny Craig stock then traded over the counter. In 2002, Jenny Craig, Inc., was acquired by
MidOcean Partners MidOcean Partners is a New York-based alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments. The firm, founded in February 2003, is based in Midtown Manhattan. MidOcean was original ...
, a New York and London-based
private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...
investment firm, and ACI Capital, a New York-based private investment firm. On 19 June 2006, they announced the signing of a definitive agreement to sell the company to
Nestlé Nestlé S.A. (; ; ) is a Switzerland, Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest publicly held food company in the world, measured by revenue and other me ...
in a transaction valued at approximately $600 million. The company was operated as part of Nestlé Nutrition. On 19 November 2013, Jenny Craig Inc. was purchased by North Castle Partners for an undisclosed amount. In April 2019, H.I.G. Capital acquired the Jenny Craig weight management business from North Castle Partners. In 2008,
YouTube YouTube is a global online video platform, online video sharing and social media, social media platform headquartered in San Bruno, California. It was launched on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim. It is owned by ...
personality
Shane Dawson Shane Lee Yaw (born July 19, 1988), better known as Shane Dawson, is an American YouTuber, actor, fimmaker, writer, and musician. One of the first people to rise to fame on YouTube, he began making videos in 2008 at the age of 19 and garnered ...
and approximately 6 other Jenny Craig employees including his mother and brother, were fired from their jobs for uploading a sketch to his YouTube channel. In 2013, Dawson wrote a comedy pilot about his experiences there and sold the script to
NBC The National Broadcasting Company (NBC) is an Television in the United States, American English-language Commercial broadcasting, commercial television network, broadcast television and radio network. The flagship property of the NBC Enterta ...
. In March 2018, the company reportedly pulled its advertisements from ''The Ingraham Angle'' as a result of host
Laura Ingraham Laura Anne Ingraham (born June 19, 1963) is an American conservative television host. Gale Biography In Context. She has been the host of ''The Ingraham Angle'' on Fox News Channel since October 2017, and is the editor-in-chief of LifeZette. ...
cyberbullying
David Hogg David Miles Hogg (born April 12, 2000) is an American gun control activist. He rose to prominence during the 2018 United States gun violence protests as a student survivor of the Stoneman Douglas High School shooting, helping lead several hi ...
. In 2019, H.I.G. Capital, a global private equity firm, acquired Jenny Craig for an undisclosed amount. In October 2019, Walgreens announced that it would begin offering Jenny Craig weight loss services at approximately 100 locations beginning in January 2020.


Diet effectiveness

According to a
systematic review A systematic review is a Literature review, scholarly synthesis of the evidence on a clearly presented topic using critical methods to identify, define and assess research on the topic. A systematic review extracts and interprets data from publ ...
, overweight and obese adults enrolled in Jenny Craig after 12 months had 4.9% more weight loss than subjects in a control/education group (receiving no intervention, printed materials only, health education curriculum, or 3 sessions with a provider) or behavioral counseling group.


See also

*
List of diets An individual's diet is the sum of food and drink that one habitually consumes. Dieting is the practice of attempting to achieve or maintain a certain weight through diet. People's dietary choices are often affected by a variety of factors, incl ...


References


External links


Jenny Craig official website
{{DEFAULTSORT:Craig, Jenny Companies based in Carlsbad, California Brand name diet products Weight loss companies Australian companies established in 1983 2002 mergers and acquisitions 2006 mergers and acquisitions 2013 mergers and acquisitions