Weight loss giant Jenny Craig’s Australian and New Zealand operations have gone into voluntary administration.
The Melbourne-founded business last week confirmed it was shutting down its corporate offices in the United States.
A representative at the time said the decision would not affect local services but FTI Consulting was appointed to lead the voluntary administration on Tuesday.
FTI Consulting confirmed its team of Vaughan Strawbridge, Kate Warwick, and Joseph Hansell had been appointed as voluntary administrators.
The company was founded in Melbourne in 1983 and grew to become a household name as one of the biggest weight management companies in the world.
It has more than 500 locations in North America and about 600 centres globally.
Private equity investment firm H.I.G. Capital bought Jenny Craig in 2019 for an undisclosed sum.