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Sid Craig

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SPORTS
April 16, 1992 | JIM MURRAY
It was the age-old question: What do you give the man who has everything? Sid Craig wasn't the Rolls-Royce type. He had all the villas and condos he would need, clothes were not a priority, travel was not tempting, he had practically lived in a plane for parts of his business life. He lived, quite literally, off the fat of the land. With his wife, Jenny, he had set up one of the most prominent and lucrative chain of weight-loss salons in five countries. But, wife Jenny Craig was in a quandary.
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SPORTS
April 16, 1992 | JIM MURRAY
It was the age-old question: What do you give the man who has everything? Sid Craig wasn't the Rolls-Royce type. He had all the villas and condos he would need, clothes were not a priority, travel was not tempting, he had practically lived in a plane for parts of his business life. He lived, quite literally, off the fat of the land. With his wife, Jenny, he had set up one of the most prominent and lucrative chain of weight-loss salons in five countries. But, wife Jenny Craig was in a quandary.
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NEWS
March 4, 1990 | KATHLEEN HENDRIX, TIMES STAFF WRITER
Jenny Craig in person is a better ad for her weight loss program than the image that comes across in commercials, where she appears to have a heavy face and matronly figure. Actually, at 57 she's slender enough to be a model: 5-foot-5, 122 pounds, youthful and vivacious, with lively brown eyes and tousled raven hair. Full of energy, she says it is a quality she requires in all who work for her. But Craig does not come on strong.
NEWS
March 4, 1990 | KATHLEEN HENDRIX, TIMES STAFF WRITER
Jenny Craig in person is a better ad for her weight loss program than the image that comes across in commercials, where she appears to have a heavy face and matronly figure. Actually, at 57 she's slender enough to be a model: 5-foot-5, 122 pounds, youthful and vivacious, with lively brown eyes and tousled raven hair. Full of energy, she says it is a quality she requires in all who work for her. But Craig does not come on strong.
BUSINESS
April 13, 1994 | From Times Staff and Wire Reports
Jenny Craig Names New CEO: C. Joseph LaBonte, a former top executive at Reebok International Ltd. and 20th Century Fox Film Corp., has been named president and chief executive of the Del Mar-based weight management company. LaBonte, 54, who has served as a director of Jenny Craig since December, 1992, assumes the chief executive's title from Sid Craig, who retains the title of chairman.
REAL ESTATE
August 15, 1993 | RUTH RYON, TIMES STAFF WRITER
JENNY and SID CRAIG, who built their Del Mar-based Jenny Craig Inc. into an international weight-loss empire, have purchased a Rancho Santa Fe home for nearly its $6.9-million asking price. The Craigs opened their first weight-loss centers in Australia in 1983 and expanded to Los Angeles in 1985.
BUSINESS
October 3, 1997
La Jolla-based Jenny Craig Inc. said Joseph La Bonte, president and chief executive, has resigned to pursue other business interests, after serving in the positions since April 1994. Jenny Craig, which has about 800 weight-loss centers, said Sid Craig, chairman and co-founder, was elected by the board to be chief executive. Jenny Craig, vice chairman and founder, will be president. . . . A Superior Court judge in San Francisco ruled that a suit alleging that San Francisco-based BankAmerica Corp.
SPORTS
December 12, 1989 | BOB NIGHTENGALE
Although the sale of the Padres is imminent, attorney Jerry Kapstein said Monday night that the club has not been sold and no announcement is expected this week. Jenny and Sid Craig, co-founders of the Jenny Craig Weight Loss Centers, reportedly will become part-owners of the franchise, but according to sources, the majority owner will be an out-of-town businessman.
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.
SPORTS
July 8, 1996 | BILL CHRISTINE, TIMES STAFF WRITER
For Sid Craig, the difference between Different and Paseana is $230,000. Craig paid $320,000 for Paseana and $550,000 for Different, and that's good for the balance of trade between Argentina and the United States as well as Craig's ambitious racing stable. Different has run only twice for Craig and his wife, Jenny, but they say the 4-year-old filly is more advanced than Paseana, who earned $3.1 million and won two Eclipse Awards before retiring in 1995. After making her U.S.
BUSINESS
September 6, 1991 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
Jenny Craig Inc., the Del Mar-based chain of weight-loss clinics, plans an initial public stock offering that could raise up to $73.5 million for the company while making Jenny and Sid Craig, the company's husband-and-wife founders, among the richest of Americans. The company said it will sell 3.5-million newly issued common shares at a price of between $19 and $21 per share, according to a registration statement filed Thursday with the Securities and Exchange Commission.
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.
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