Nestle Adds Jenny Craig Weight-Loss Business to Its Plate
The food giant will acquire the chain for $600 million as the diet industry grows.
By Jerry Hirsch, Times Staff Writer
June 20, 2006
(Is that Dreyers or Breyers Ice cream??)
If you binge on such high-calorie Nestle products as Dreyer’s Grand Ice Cream, Toll House Morsels chocolate chips and Stouffer’s macaroni and cheese, the international food giant has just the answer: a Jenny Craig weight-loss center.
In a move that lets Nestle play both sides of the weight game, the company said Monday that it would buy the Carlsbad, Calif.-based Jenny Craig Inc. weight-management chain for $600 million.