In latest sign that low-carb trend is fading, Atkins files for bankruptcy protection
In latest sign that low-carb trend is fading, Atkins files for bankruptcy protection
Atkins Nutritionals Inc. filed for bankruptcy protection in New York July 31 following one of the stronger and longer consumer-driven diet trends ever to surface in the United States. In its filing, the company listed assets of $301 million and liabilities of $325 million. Atkins stated that it owes UBS Securities LLC and other lenders roughly $301 million under a 2003 loan. The bankruptcy news is an indication that the low-carb trend is at the least waning, and at the most over completely. And for growers of potatoes, citrus and other fresh produce commodities, the end of this particular