Tupperware brought on a new CEO as it tries to turn around its losses. Laurie Goldman comes to the company with having more than three decades of leadership experience.
Tupperware Brands Corporation's newest CEO Laurie Ann Goldman is a seasoned executive whose sat at the helm of Avon North America and Spanx. However, Goldman is expected to face a hefty challenge in taking over the Florida-based product company that saw its stock price plummet more than 70% over the past year and even questioned its ability to survive.
" The company disclosed in recent filing with the U.S. Securities and Exchange Commission that it began facing financial headwinds and operation challenges in 2019 which resulted in a "multi-year decline" in its financial performance. The company said in the filing that its net sales and revenues declined as it "struggled to return its direct selling business to long-term revenue growth.
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