Atkins Goes Belly-Up

Atkins Nutritionals, the New York company founded in 1989 by the late Dr. Robert Atkins to cash in on his low-carb diet, filed for Chapter 11 bankruptcy protection yesterday. The company cited weakening demand for its products. Ironically, the Atkins diet–affectionately known by some as the “cheeseburger-hold-the-bun” diet–had been blamed in recent years for earnings shortfalls in companies ranging from Krispy Kreme Doughnuts (nyse: KKD - news - people ) to Kraft Foods (nyse: KFT - news - people ) to Interstate Bakeries (the maker of Wonder Bread and Twinkies).

Posted by James Zellmer at August 2, 2005 6:57 AM | Subscribe to this site via RSS:
Posted to Culture | Food | Health/Fitness