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Thursday, March 08, 2018

Oprah Winfrey Sheds Portion Of Weight Watchers Stock

Cast member Winfrey poses at the premiere of
Cast member Oprah Winfrey. REUTERS/Mario Anzuoni
March 8, 2018
(Reuters) – Media mogul Oprah Winfrey sold a portion of her holdings in Weight Watchers International Inc, the former talk show host’s production company Harpo Inc said on Tuesday.
A portion of the shares were donated to Winfrey’s foundation and she will retain over 75 percent of her holdings in the weight management company, Harpo said in a statement.
Winfrey will not sell additional shares this year, it added.
“I am deeply committed to Weight Watchers and continue to see a bright future for the company,” said Winfrey, who is continuing in her role as board member, adviser and spokesperson.
In 2015, Winfrey joined Weight Watchers’ board and took a 10-percent stake in the company, with options to buy more.
Weight Watchers’ stock have gained more than eight times in value since she bought into the company.

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