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Tupperware — the food storage company that’s been used in households around the country since 1946 — has filed for bankruptcy. On Sept. 17, the Tupperware Brands Corporation announced it has ...
Chapter 11 bankruptcy is a common route. Tupperware shares have plummeted 74.5% this year and last traded at just 51 cents. This story has been updated with additional information.
Tupperware has officially filed for bankruptcy. On Tuesday, the food container giant, which brought financial independence to women across the U.S. in the mid-20th century thanks to their at-home ...
Tupperware said it planned to continue operating during the bankruptcy proceedings and would seek court approval for a sale “in order to protect" the brand. Tupperware’s roots date to 1946. As the company tells it, chemist Earl Tupper found inspiration while creating molds at a plastics factory.
In September's bankruptcy petition, Tupperware reported more than $1.2 billion in debts and $679.5 million in assets. “This is a situation that was in urgent need of a vast global resolution,” Spencer Winters, an attorney representing Tupperware, said during a U.S. Bankruptcy Court hearing Tuesday.
And Tupperware had continued to warn about its ability to stay afloat in more recent months, with an August securities filing pointing to “significant liquidity challenges." In Tuesday's bankruptcy petition, Tupperware reported more than $1.2 billion in total debts and $679.5 million in total assets.
Tupperware and some of its subsidiaries filed for Chapter 11 bankruptcy protection, the once-iconic food container maker said in a statement late Tuesday. The company has suffered from dwindling ...
In September 2024, when its parent company filed for bankruptcy, [5] it was a wholly owned subsidiary of Tupperware Brands Corporation (TBC). Two months later, it was announced that a company formed by a group of TBC secured lenders, Party Products LLC, had completed the purchase of the brand, as well as certain related operations.