Sales, which climbed during the pandemic as people stayed home and cooked for themselves, have tumbled.
, which experienced a resurgence during the pandemic, is now pursuing investors to keep it afloat and is in danger of being delisted by the New York Stock Exchange.
Sales, which climbed during the pandemic as people stayed home and cooked for themselves, have tumbled from nearly $500 million in the fourth quarter of 2020 to just over $300 million in its most recent fourth quarter. Analysts say that creditors could potentially call Tupperware on its debt, which the company is unlikely to be able to repay.
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Tupperware, in dire straits, seeks financing to stay afloatTupperware 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 New York Stock Exchange.
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