UPDATE 3-Nestle sells most of Jenny Craig in slimming drive

... million). "The brand was loss-making and has been destroying value for years." Jenny Craig's new owner, based in Greenwich, Connecticut, focuses exclusively on health and wellness businesses and is credited with turning around Atkins Nutritionals ...

http://www.reuters.com/article/2013/11/07/nestle-jennycraig-idUSL5N0IS0V920131107?feedType=RSS&feedName=basicMaterialsSector