Tupperware Brands, which experienced a resurgence during the pandemic, is now pursuing investors to keep it afloat and is in danger of being delisted by the...
The company last week received a non-compliance notice from the NYSE for failing to file its annual results with the Securities and Exchange Commission. Last month’s preliminary results released to investors showed it lost around $35 million in the fourth quarter.
Analysts say that creditors could potentially call Tupperware on its debt, which the company is unlikely to be able to repay. Tupperware said it is considering selling some real estate holdings and other non-core assets to free up cash.
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