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Jenny Craig Inc

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ENTERTAINMENT
December 31, 1999 | HOWARD ROSENBERG
Monica Lewinsky may not be a nice girl, but she plays one on TV. All of this may be moot after tonight if some of the dire predictions about 2000 come true. But just in case we're all still here, listen up: Y2Kook alert! At least one turn-of-the-century glitch is predictable. Sunday is when the fatheads at Jenny Craig Inc. use television to affirm that anyone--however prominent a jerk--can earn a big paycheck in the U.S. if he or she can financially benefit someone else.
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BUSINESS
February 3, 2006
* Newcastle Partners and Steel Partners II said Fox & Hound Restaurant Group agreed to their $16.30-a-share takeover offer, ending a competing buyout attempt by Levine Leichtman Capital Partners of Los Angeles. * Weight-loss company Jenny Craig Inc., which is majority owned by private equity firms ACI Capital Co. and MidOcean Capital Partners Inc., said it had hired Goldman, Sachs & Co. to look at its options, including a possible sale.
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BUSINESS
June 21, 1994 | DENISE GELLENE, TIMES STAFF WRITER
Jenny Craig Inc. said Monday that it is suspending payment of its quarterly dividend in order to use the funds to market its weight-loss program, raising concerns about the company's immediate prospects. The news drove the company's shares down $1 to $5.50 on the New York Stock Exchange. It had hit an all-time low of $5.25 during the day's trading. In an interview, Chief Executive C. Joseph LaBonte denied suggestions that the Del Mar, Calif.-based company's condition had worsened.
BUSINESS
December 11, 2002 | From Bloomberg News
Jenny Craig Inc., which provides weight loss counseling and low-fat food, settled a lawsuit filed by shareholders who said the stock was undervalued in a $115-million buyout. The firm said in January that it would be bought by investors including co-founders Sid and Jenny Craig, a Deutsche Bank affiliate and ACI Capital Co. for $5.30 a share. Shareholders filed three suits in Delaware Chancery Court.
BUSINESS
July 16, 1994 | JOHN O'DELL and CHRIS WOODYARD, TIMES STAFF WRITERS
Weight-loss center operator Jenny Craig Inc. has agreed to pay $10 million in cash and give away merchandise worth $36 million at retail prices to settle a 4-year-old lawsuit alleging misleading advertising and improper business practices. Though Jenny Craig is based in Del Mar, the class action suit on behalf of 360,000 of its clients was filed in Orange County Superior Court in 1990. It alleged that the company's diets could cause gallbladder disease.
BUSINESS
July 2, 1999 | From Associated Press
Jenny Craig Inc. was ordered to pay $8.1 million in damages for breaking its lease on the building that had served as its headquarters. A San Diego County Superior Court jury awarded $2.2 million in compensatory damages and $5.9 million in punitive damages to JLRB Associates, a family partnership that leased Jenny Craig a building along Interstate 5 in Del Mar. Jenny Craig leased the building from 1988 to 1996.
BUSINESS
July 8, 1998
* La Jolla-based Jenny Craig Inc. said it named Philip Voluck executive vice president and chief operating officer. Jenny Craig, a weight management service company, said Voluck had been with Nutri/System until 1996, most recently as president and chief operating officer.
BUSINESS
August 12, 2000 | Bloomberg News
Jenny Craig Inc., which operates 550 weight-loss centers, said founders Sid and Jenny Craig withdrew their offer to buy the company's shares they don't already own for about $25.6 million. Sid and Jenny Craig's Craig Enterprises cited a decline in sales and pretax income from Jenny Craig Inc.'s Australian operations in withdrawing the $3.75-a-share offer it made two months ago.
BUSINESS
April 4, 1995 | DENISE GELLENE, TIMES STAFF WRITER
Jenny Craig Inc. on Monday agreed to pay $9.5 million to settle a protracted class-action securities lawsuit alleging, among other things, that it misled investors about its business prospects. The Del Mar, Calif.-based weight-loss company said it settled the 3-year-old lawsuit to avoid "the escalating costs of litigation." The company has consistently denied the allegations. Jenny Craig Inc.
BUSINESS
January 29, 2002 | DENISE GELLENE, TIMES STAFF WRITER
A slimmed-down Jenny Craig Inc. agreed Monday to sell itself to a private investment group for $115 million, or $5.30 a share. The price offered by the buyout group, led by New York-based ACI Capital Co., represents a 68% premium over Friday's closing price of $3.15. Sid and Jenny Craig, the husband and wife team who founded the company and control 67% of its shares, will receive $73 million as a result of the transaction.
BUSINESS
January 29, 2002 | DENISE GELLENE, TIMES STAFF WRITER
A slimmed-down Jenny Craig Inc. agreed Monday to sell itself to a private investment group for $115 million, or $5.30 a share. The price offered by the buyout group, led by New York-based ACI Capital Co., represents a 68% premium over Friday's closing price of $3.15. Sid and Jenny Craig, the husband and wife team who founded the company and control 67% of its shares, will receive $73 million as a result of the transaction.
BUSINESS
May 15, 2001 | JERRY HIRSCH, TIMES STAFF WRITER
Starving for profits, Jenny Craig Inc. said Monday that it has retained an investment banker to arrange a merger or sale of the nation's second-largest weight-loss company. Craig, which is still controlled by founders Jenny and Sid Craig, hired Koffler & Co. of Los Angeles to test the interest of health, fitness and food companies, businesses where there might be a natural fit with the diet chain's 650 centers. Shares of the La Jolla-based company rose 21 cents, or 15%, to close at $1.
BUSINESS
August 12, 2000 | Bloomberg News
Jenny Craig Inc., which operates 550 weight-loss centers, said founders Sid and Jenny Craig withdrew their offer to buy the company's shares they don't already own for about $25.6 million. Sid and Jenny Craig's Craig Enterprises cited a decline in sales and pretax income from Jenny Craig Inc.'s Australian operations in withdrawing the $3.75-a-share offer it made two months ago.
ENTERTAINMENT
December 31, 1999 | HOWARD ROSENBERG
Monica Lewinsky may not be a nice girl, but she plays one on TV. All of this may be moot after tonight if some of the dire predictions about 2000 come true. But just in case we're all still here, listen up: Y2Kook alert! At least one turn-of-the-century glitch is predictable. Sunday is when the fatheads at Jenny Craig Inc. use television to affirm that anyone--however prominent a jerk--can earn a big paycheck in the U.S. if he or she can financially benefit someone else.
BUSINESS
August 19, 1999
* La Jolla-based Jenny Craig Inc. reported a fiscal fourth-quarter net loss of $672,000, or 3 cents per share, contrasted with net income of $2.1 million, or 10 cents, a year ago. Revenue fell to $76.5 million, from $93.6 million. Results include a $8.2-million judgment against the company stemming from a lease dispute at its former Del Mar headquarters. Jenny Craig is appealing.
BUSINESS
July 2, 1999 | From Associated Press
Jenny Craig Inc. was ordered to pay $8.1 million in damages for breaking its lease on the building that had served as its headquarters. A San Diego County Superior Court jury awarded $2.2 million in compensatory damages and $5.9 million in punitive damages to JLRB Associates, a family partnership that leased Jenny Craig a building along Interstate 5 in Del Mar. Jenny Craig leased the building from 1988 to 1996.
BUSINESS
March 22, 1993
Nature of business: Weight loss and weight management services Total employees: 6,501 In Orange County: 180 Stock listing in The Times: On NYSE "JenCrg" Ticker symbol: "JC" Friday's stock close: $15.75 One-week change: Up $0.63 Analyst review: "Here is a company that's been public for a year and a half; it's a big company doing close to half a billion dollars in revenue and has been void of brokerage house coverage. I'm somewhat mystified. In the last five years, revenues increased ten-fold.
BUSINESS
December 29, 1998 | Bloomberg News
Jenny Craig Inc., which has seen its stock drop 20% in the last year, said it will offer a new lower-priced line of prepackaged meal supplements in a bid to attract new customers. The meal supplement plans, which include high-protein hot and cold breakfast drinks, soups and high-fiber beverages, start at about $40 a week. Until now, members had been paying an average of $72 a week for the company's prepackaged meal plans. Members will now be required to choose one of the food options.
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