Tupperware’s future in doubt amid weak financial position
Tupperware shares plunge 50% on Monday after the company warned that it may go out of business. – AFP pic, April 14, 2023.
IS the Tupperware era ending? The 77-year-old US company, known for its trademark plastic food storage containers, warned of “substantial doubt” about its ability to keep operating in light of its poor financial position, according to a recent regulatory filing. When the market opened on Monday following its April 7 disclosure, shares of the company plunged 50% and lingered at the depressed level in successive days.
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