Tupperware Brands has filed for Chapter 11 bankruptcy protection
FILE - Colorful Tupperware products are seen in Bellflower, Calif. on Aug. 5, 2011. Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection.
Doubts around Tupperware's future have floated around for some time. Last year, the company sought additional financing as it warned investorsand its risk of being delisted from the New York Stock Exchange. Tupperware's roots date back to 1946. According to the company's website, shortly after the Great Depression, chemist Earl Tupper found inspiration while creating molds at a plastics factory — setting out on a mission to create an airtight seal for a plastic container, similar to that on a paint can, to help families save money on food waste.
According to court documents published Tuesday, Tupperware currently employs more than 5,450 employees across 41 countries — and additionally partners with global sales force of over 465,000 consultants who sell products on a freelance basis in nearly 70 countries.
COVID-19 Pandemic Bankruptcy Business U.S. News General News Lifestyle Article 113801257
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tupperware files for bankruptcy: Here’s what to knowTupperware Brands has filed for Chapter 11 bankruptcy protection amid growing struggles to revitalize its business.
Read more »
Iconic Food Container Brand Tupperware Files for BankruptcyTupperware Brands Corporation, known for its iconic food containers, has filed for Chapter 11 bankruptcy protection after facing years of declining sales and a challenging economic environment. The company, once a household name, struggled to adapt to changing consumer preferences and the rise of online retail.
Read more »
Kevin Costner Addresses Cancelled Horizon Chapter 2 Release Following Chapter 1's Poor Box OfficeKevin Costner as Ellison looking worried next to Danny Huston as Col. Albert Houghton saluting in Horizon An American Saga Chapter 1
Read more »
Tupperware files for bankruptcy amid slumping salesTupperware and some of its subsidiaries have filed for Chapter 11 bankruptcy protection, the once-iconic food container maker said in a statement.
Read more »
Tupperware planning to file for bankruptcy as it struggles with $700M debt: reportThe bankruptcy preparations follow protracted negotiations between the home-goods company and its lenders over how to manage more than $700 million in debt, Bloomberg News reported.
Read more »
Tupperware files for bankruptcy, citing ‘challenging’ economic environmentTupperware Brands Corporation, whose food containers have been a mainstay in American kitchens, has filed for bankruptcy.
Read more »