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Loeb & Loeb Represents Oprah Winfrey in Groundbreaking Partnership with Weight Watchers

A cross-practice team from Loeb & Loeb LLP represented Oprah Winfrey in a groundbreaking strategic collaboration and brand partnership with Weight Watchers International, Inc., the world’s leading commercial provider of weight management services.  As part of the 5-year partnership, Ms. Winfrey is purchasing newly issued shares of Weight Watchers representing a 10 percent equity stake in the company—with option to acquire an additional 5 percent—and she is joining the Weight Watchers Board of Directors, where she will serve as an active adviser in the development and execution of new program initiatives. Ms. Winfrey has also joined the Weight Watchers program.

The multifaceted agreement involves complex corporate, securities, branding, and intellectual property rights, services and licensing issues and represents a strategic alignment of interests between Ms. Winfrey and Weight Watchers, which is expanding its mission from focusing on weight loss alone to more broadly inspiring people to live healthier and more fulfilling lives.

Loeb & Loeb entertainment partner Marc Chamlin and corporate partner Lloyd L. Rothenberg led the deal team on behalf of Ms. Winfrey.

Mr. Chamlin commented: “The firm brought together its unique breadth of expertise across the two core areas of entertainment/media and corporate/securities to accomplish this transaction with speed and heightened confidentiality over the course of a very short time period, which was essential for a client such as Oprah Winfrey in this circumstance. “

In addition to Mr. Chamlin and Mr. Rothenberg, the Loeb & Loeb team acting on behalf of Ms. Winfrey included attorneys Giovanni Caruso, Alan J. Tarr and Marla Aspinwall, who handled corporate, securities and tax matters related to the agreement, and Douglas N. Masters and Nerissa Coyle McGinn, who advised on intellectual property and branding issues.