Oprah Winfrey Says Weight Watchers Purchase Was Due To Diet Success

On “Ellen,” media mogul Oprah Winfrey shared that the very reason she invested in Weight Watches was because her weight loss program with the company was successful.

This week, Winfrey bought a 10 percent stake in Brooklyn-based Weight Watchers. Part of the agreement with the celebrity and the weight loss company is that Winfrey has the option to purchase an additional 5 percent stake, but must keep her existing stake for at least two years, the Guardian noted.

Although pundits are doubting whether Weight Watchers can pick up growth with Winfrey on bored, the media mogul, at least, is confident that they would. Winfrey told talk show host Ellen DeGeneres on Friday about her new endeavor, “ I am excited about Weight Watchers being able to bring a healthier more holistic approach for everybody."

Weight Watchers chief Jim Chambers said in a statement, ““Through our conversations, it became clear that there is a tremendous alignment between Oprah’s intention and our mission. We believe that her remarkable ability to connect and inspire people to realize their full potential is uniquely complementary to our powerful community, extraordinary coaches and proven approach.”