Nestle to buy nutrition firm Jenny Craig

Nestle to buy nutrition firm Jenny Craig
Nestle to buy nutrition firm Jenny Craig

The current management team of Jenny Craig, which is based in Carlsbad, California, will continue to run the business and report directly to Nestle, the Swiss company said in a statement.

Nestle is buying Jenny Craig from two private equity groups, ACI Capital and MidOcean Partners. The transaction is expected to close in the third quarter, according to the AP.

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Author`s name: Editorial Team