Unislim sells stake in eDiets for $2m

The McCourt family, who own the Unislim slimming club business, have sold their stake in eDiets Europe for $2 million.

Unislim had held a 40% stake in eDiets Europe for a number of years and ran the business for the American company, which operates a number of websites to provide advice on healthy living and dieting techniques.

EDiets.com had owned the remaining shares in the joint venture, but under US accounting rules it could not count any profits or revenue in its financial statements. By buying out the remaining shares from the Irish firm it will be able to include earnings from the business when reporting its results.