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Article: Weight-Loss Firm Seeks to Fatten Value on Wall St.
- Article from:
- San Diego Business Journal
- Article date:
- May 21, 2001
- Author:
CopyrightCOPYRIGHT 2001 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sale a Possibility as Jenny Craig Sees an Uptick in Stock After Announcement
Jenny Craig Inc. is looking to get gobbled up.
Last week the La Jolla-based weight reducing firm that has been losing money for about two years, said it retained an investment banker, Koffler & Co. of Los Angeles, to advise it on "strategic alternatives, including a possible sale."
Sid Craig, who co-founded the firm with his wife in 1983 and holds title of chairman and CEO, said the Jenny Craig brand is one of the most recognizable in the weight loss industry and isn't being valued accurately by Wall Street.
"I believe there is great value in the Jenny Craig ...