The 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.
Founded in 1946 by chemist Earl Tupper, the company’s popularity exploded in the 1950s as women of the post-war generation held “Tupperware parties” at their homes to sell food storage containers as they sought empowerment and independence.The COVID-19 pandemic provided a boost in sales from families who sheltered at home, cooked more and produced lots of leftovers.
Tupperware is planning to enter court protection after it breached the terms of its debt and enlisted legal and financial advisers, Bloomberg News reported on Monday.Struggling Big Lots preparing bankruptcy filing, will sell stores: report The bankruptcy preparations follow protracted negotiations between Tupperware and its lenders over how to manage more than $700 million in debt, according to the report.Lydia MoynihanTop Google lawyer coached Harris for Trump debate — and tech antitrust watchdogs are crying foul
Dave Portnoy chats Taylor Swift, Travis Kelce date night at Lucali over pizza making with Mark Iacono Kourtney Kardashian defends son Mason sleeping in her bed until he was 7: ‘Natural and instinctual to me’Ben Affleck 'could not keep his hands off' Jennifer Lopez at brunch, 'still attracted to one another,' source
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