WeightWatchers, a major cultural force that went beyond the fitness space that’s been around for more than 60 years, files for Chapter 11 bankruptcy in a bid to shed more than $1 billion in debt and reposition itself in the industry. “We are going through this transaction to strengthen our financial foundation for WeightWatchers moving forward so that we can innovate and compete and continue to invest in our business,” president and CEO Tara Comonte says. NBC’s Christine Romans reports for TODAY. » Subscribe to TODAY: youtube.com/@TODAY About: TODAY brings you the latest headlines and expert tips on money, health and parenting. We wake up every morning to give you and your family all you need to start your day. If it matters to you, it matters to us. We are in the people business. Subscribe to our channel for exclusive TODAY archival footage & our original web series. Connect with TODAY Online! Visit TODAY's Website: today.com Find TODAY on Facebook: https:/...