Atkins Bankrupt
The atkins diet and the company that carries that name has gone into free fall.
Atkins bankrupt. The privately held company founded in 1989 by dr. A hearing on the prearranged chapter 11 filing was scheduled for monday in u s. Health weight loss. The company behind the recent low carb diet craze files for bankruptcy protection.
Weight loss and energy expert. Bankruptcy court spokesman richard rothstein said. Roark capital group bought the company in 2010. Over the past few weeks ever since atkins went belly up our company has been bombarded with questions about the possible harmful effects that their atkins days might have caused.
This week atkins nutritionals filed for bankruptcy protection. To file for bankruptcy in july 2005 citing losses of 340 million. Following the death of its founder in 2003 the popularity of the diet and demand for atkins products waned causing atkins nutritionals inc. Blamed lower consumer demand and increased competition.