Skip to comments.Low-carb pioneer Atkins files Chapter 11
Posted on 07/31/2005 5:35:50 PM PDT by SmithL
NEW YORK - Atkins Nutritionals Inc., the company that promoted low-carb eating into a national diet craze, filed for bankruptcy court protection Sunday, a company spokesman said.
Atkins has been hurt by waning popularity of its namesake diet, which focuses on eliminating carbohydrates such as bread and pasta as a way to shed weight. The diet quickly became one of the most popular in U.S. history, spawning numerous derivatives and a virtual cottage industry of low-carb regimens - but also drew criticism from many experts for its focus on fatty foods and low fruit and vegetable consumption.
A hearing on the prearranged, Chapter 11 filing was scheduled for Monday in U.S. Bankruptcy Court, spokesman Richard Rothstein said. The privately held company, founded in 1989 by Dr. Robert C. Atkins, said it had reached an agreement with the majority of its lenders to give them equity in exchange for lowered debt.
President and CEO Mark S. Rodriguez said the company has in the past year "adjusted our organization to accommodate a smaller business" and will promote its brands "more broadly for consumers who are concerned about heath and wellness."
After it leaves bankruptcy, the Ronkonkoma, N.Y.-based company will focus on its nutrition bars and shakes, Rodriguez said in a statement.
Private equity firm Parthenon Capital LLC acquired a majority stake in Atkins, in October 2003. Goldman Sachs Capital Partners owns a smaller stake in the company, as does the estate of Robert Atkins, who died in 2003 from injuries he suffered in a fall.
The company said its bankruptcy filing would not affect its day-to-day operations.
1. My kindest thought is that you call it a "fad" because you know absolutely nothing about it.
2. This news surprises me.
Yep, then next fad will be based around eggplants, turnips, and slugs.
my aunt did this ...
she lost a lot of weight real quick, then had major kidney problems and diverticulitis. After hearing her troubles Doctor asked her, " So lemme guess, Atkins diet?" He'd been seeing it all over I guess.
I tried it myself for a bit, but i can't even follow simple diets, oh well, I still have good kidneys and colon...hehe
If you want to lose weight, eat a lil better, exercise a lil more.....amazing results guaranteed!
Uh-oh...you are in trouble now...this board was/is full of diet of the month/moment fans....
Uh-oh...you are in trouble now...this board was/is full of diet of the month/moment fans....
"Another fad bites the dust, at least until it comes `round again."
Nope, the company may be in trouble, but the way of eating is here to stay. They got into trouble selling diet foods, the books are still great sellers.
Actually, I think it morphed into the South Beach diet. The underlying principles are sound, but amenable to refinement.
The Olive Garden is avenged.
I'm not surprised. The "Atkins" products were appearing in the discount bin of my local QFC months ago. Now onto the Coke diet. Heck, maybe they'll bring back the Ayds diet.
Actually it's just been superseded by it's even more popular offspring the "South Beach Diet".
If one wants to lose weight, keep the mouth shut. Especially around food.
Ironically, he was unable to trim corporate fat fast enough to save the company's life.
Nah, those who are most successful low carbing know that these frankenfoods stall weight loss. Truth is those who keep it simple and just use real food do best.
Atkins is a fad?
Its followers treat it more like a relgiion.
My wife's sister can argue the bark off a tree. And then get her started on Atkins and she is really testy!
She claims that she is such a big believer because she lost 36 pounds on Atkins after failing at every other diet.
(Of course she put on 45 pounds after she failed to STAY on the diet, but that's another story.)
most of the Atkins stuff is actually pretty sensible, so long as you don't take it to extremes.
for example, the processed foods and corn syrup diet we Americans eat isn't particularly healthy.
If you want to drop weight and be healthier try the following:
1. don't eat out for 30 days straight. I'm serious. Everything you eat you must make yourself. You'll save money and eat healthier. Try healthier foods. Cook in volume if youre lazy.
2.Avoid pop. ( As a diet coke addict, I'm guilty, too)Try tea, or gasp...ice water.
3. Sneak in a little exercise. You don't have to become Arnold, but nightly walks, etc. do wonders. If you're up for it, find a physical hobby. even gardening will get you some exercise.
4. Turn Off the TV, Step Away from the Computer. TV stimulates your desire to eat, and turns your brain into mush in the process.
5. Stop smoking if you smoke. it's better to be addicted to nicotine gum if you need a fix.
and you can do all of this of your own free will.
If you want to change your life, then change it.
it really is that simple.
My elder brother and his wife did the Atkins diet for quite some time. After she stopped, she absolutely ballooned. Now she's on that diet where you eat nothing but foods made out of soy. He wound up having his first kidney stone at the relatively young age of 31. And he also became obese again after he stopped. But neither one of them ever exercises, so it's no wonder.
My biochemistry professor would spend significant amounts of time talking about the Atkins rage in his lectures on carbohydrate and fat metabolism. His bottom line was that, while the Atkins diet did work, it could create health problems if followed long-term, and was no more effective in the long run than a reasonable diet and exercise.
Everything in moderation, I guess.
I had a friend that was a big Atkins fan for a while. He just got tired of peeing on the popcicle sticks. He's doing something else now.
I have lost 130 pounds by doing a moderate carb diet. I simply eat real regular foods and eat absolutely no white stuff, high fructose corn syrup, and partially hydrogenated fats.
I'm no expert in dieting, but counting calories is what works for me. Now, my body really doesn't know if it's getting 800 calories from veggies, meat or ice cream and cake..
So with vitamin supplements, I could eat 800 calories a day in ice cream or cookies and still lose weight. No flames..please :)
Nutrisystem is doing great as a company. I wonder if they sped the demise of Atkins.
I knew they should have merged with Krispy Kreme!
Guess this means they won't die as fat cats?
He died from a head wound when he slipped on the ice.
The truth is we are all different, the high carb diet was the absolute worst thing for me. I did that diet and gained weight rapidly. Once I added in adequate fats and protein, and eliminated the excessive carbs I have lost 130 pounds. The key is to pay attention to your body's signals and adjust accordingly. Do what works and makes you feel good is my motto.
K-Mart went chapter 11, too, proving that big box stores were just a fad.
It doesn't me but only because I dropped Atkins products some time ago. They were great for people like me who have to watch their sugar but they were costly and full of sugar alcohols.
I can't take the sugar alcohols. They make me lose weight in a most unpleasant manner.
these extreme diets always make a quick change that evaporates. And it sad to see people hop from one thing to the next in a desperate for the "quick fix".That said, there are a few nuggets of wisdom in Atkins, but no real quick fix.
There are no quick fixes.
But if someone decides to just do a few things differently,every day, over a long term...they can change their lives.
As a formerly chubby fellow, I know of what I speak. I'm no Adonis now, but that was never my goal. I was just tired of having a "beer belly" and feeling 45 at 28.
In fact, Sebastian Kresge died of something or other, proving that being near a Kmart is bad for your health.
The diet works and I know tons still using it, the problem is two fold. One, atkins products were over priced, two they mostly tasted like crap, especially when the big food companies got into the game. They would have done better to licence the name than to try to make food.
The only effective and realistic way to lose weight and keep it off is to eat less and exercise more.
Any radical "diet" simply isn't sustainable.
Just my 2 cents.
I tried it, lost a ton of weight, and gained perfect colestorol levels, and enhanced muscle tone. Ever think you aunt may have done something else to get kidney trouble?
We're still doing it, though not as extreme as we were at first...but enough for us to both maintain our weight loss.
I think it taught us to steer away from so much processed empty carbs and eat more veggies and high fiber carbs. Totally turned my IBS around and I've not been bothered with it for almost a year and half.
Steve lost 45 pounds and I lost 15. And we've kept it off easily.
The south beach diet is part variation, part fad, and mostly knock off. The sad thing was atkins couldn't and didn't even try to out market it.
There have been so many millionaires made by people who come up with a "new diet craze" to tap the fat chick market, it makes my head spin. Harold Katz was even able to buy the Philadelphia 76ers! I gotta get into that business - - maybe write a book.
This is the crux of the plan. The problem is too many folks refuse to read the book and follow it as it was written. The restrictive part was only for two weeks and then you gradually added in the carbs to where you stopped losing weight and then cut back 5g a day until you reached your goal weight.
You hit the nail on the head. I use some Atkins products as I am diabetic. But there are other cheaper and better tasting products out there.
You are correct that Atkins would have been better off to sell the rights to the name. However, at the time they started making some of their lo-carb foods, I don't think there were many companies actually making them. I know when I first tried some Atkins snack bars, I was in hog heaven. Now all the candy makers, etc., make them, and the new ones taste just like their sugared counterparts.
8-track tapes, Penguins, the Democrat party and now Atkins.
Sheesh, this isn't rocket science. ;-)
I have a copyright on this new diet. Please cease and desist on infringement of that copyright.
Next up: TurnSlugPlant Shakes, on the Laz Diet Channel.
Eggplant no way!!! Slugs good with Slimfast and cheeewiz!
don't know, not a doctor, though I play one here on FR...hehe
My knowledge of it came as her doctor explained it to her. part of the Atkins system is to properly hydrate, as even Dr. Atkins admitted that high protein diets are hard on the kidneys.
She probably wasn't drinking enough pure water.
This wouldn't suprise me.
And her lack of fiber can be blamed on eggs and bacon meals, or just plain not doing it right.
I guess the real answer comes from the fact that her and her husband were both overweight, But had no real physical problems.
Then comes the steak and eggs craze, and they drop weight, but develop other problems.
Chicken and egg I guess.
I should mention that they are both in their 50's with years of bad dieting and little exercise, so to blame all of the newfound health problems on 12 months of Atkins might be a bit of a stretch. But it's a good indicator.
I tried it myself for a while, but it made me very squirrelly, mentally. So I abandoned it in favor of calorie-restriction.
I simply ate about 20% less calories than the calorie calculators said I needed to maintain my weight, and exercised like there was no tomorrow. I've lost more than 50 lbs and I'm still shrinking.
Effective, and no SquirrellyLaz.