As Weight Watchers tries on a slimmed-down new name, WW, and repositions itself with a focus on wellness, media mogul Oprah Winfrey — the company’s second-largest stakeholder — has seen her investment shrink by more than $500 million.

Since last September, when Weight Watchers announced it would change its name to WW and use a new tagline — “Wellness that works” — the company’s stock has shed 60 percent of its heft, making Winfrey one of its biggest losers.

“Wellness is definitely a different sell. It’s going to be a bit more of a crowded space,” said Anthony Campagna, global director of fundamental research at Institutional Shareholder Service. “When you start to think about wellness, a dieting company isn’t the first thing that comes to mind. It’s going to take time for that messaging to get out there.”

https://todaysgossip.xyz/2019/03/03/oprahs-wealth-trimmed-down-by-more-than-half-a-billion-dollars/

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