Wednesday, June 21, 2006

Chocolate Maker Nestle to Buy Jenny Craig Weight Loss Company

Akron Beacon Journal 6/21/06

In a move that recognizes the modern world's twin obsessions -- indulgence and guilt -- chocolate maker Nestle said Monday it would purchase weight loss product maker Jenny Craig Inc. for $600 million. While best known for its namesake chocolates, Nestle also makes baby formulas, nutrition foods such as PowerBar, drinks to aid weight loss and the Lean Cuisine line. The company's purchase of Jenny Craig follows the lead of consumer products company Unilever, which bought both Ben & Jerry's ice cream and Slim Fast in 2000. See: Nestle will buy Jenny Craig

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