Buzzing: Winfrey invests in Weight Watchers

Winfrey invests in Weight Watchers

Her talk show might be gone, but the "Oprah Effect" clearly endures. After Oprah Winfrey said on Monday that she would buy a 10 per cent stake in Weight Watchers for US$43.2 million (S$60 million) and take a seat on the board, the weight-loss company's slumping stock doubled to US$13.92 a share, adding about US$400 million to its market value. For years, she has helped make many little-known brands wildly successful by endorsing them through one of the media ventures that made her a billionaire. But this is the first time she has made such an investment in a public company.


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A version of this article appeared in the print edition of The Straits Times on October 21, 2015, with the headline Buzzing: Winfrey invests in Weight Watchers. Subscribe