There's something comforting about a retail food brand that has been around for decades, especially dating back more than 50 years. As the years pass, more generations became familiar with that brand,

WeightWatchers filed for Chapter 11 bankruptcy protection Tuesday, saying it plans to slash debt and stay in business. Why it matters: The company has been grappling with sinking sales amid the surge of weight-loss drugs and changing health habits.

The well-known and popular diet company, which assigns point values to foods, was founded more than 60 years ago.