Ads
related to: tupperware products at 50 discountmy.tupperware.com has been visited by 10K+ users in the past month
brandeals.org has been visited by 100K+ users in the past month
Search results
Results from the WOW.Com Content Network
Under terms of the deal, a group of lenders is buying Tupperware’s brand name and various operating assets for $23.5 million in cash and more than $63 million in debt relief.
$50 $100 Save $50 If you received a lot of jewelry for the holiday — or you're just overwhelmed with the piles you currently have — this chic organizer is half-off at Nordstrom today.
Tupperware is set to pocket $23.5 million in cash and over $63 million in debt relief in exchange for “all intellectual property” needed to create and market, as well as operating assets in ...
NEW YORK (AP) — A U.S. bankruptcy judge approved a sale of Tupperware Brands on Tuesday, paving the way for the iconic food storage company to soon exit Chapter 11 protection and continue offering its products while undergoing a hoped-for revitalization. The sale given the court’s green light in Delaware still is subject to closing conditions.
In Tuesday's bankruptcy petition, Tupperware reported more than $1.2 billion in total debts and $679.5 million in total assets. Shares for the company have fallen 75% this year and closed Tuesday at about 50 cents apiece. Tupperware's roots date back to 1946.
In the past few years, Tupperware tried a few things to expand its reach and attract new customers. It started selling its products on Amazon as well as in stores at Target and Macy's. In 2019, the brand also launched a line made with sustainable materials and expanded it two years later. But financial troubles continued to pile up.
Ads
related to: tupperware products at 50 discountmy.tupperware.com has been visited by 10K+ users in the past month
brandeals.org has been visited by 100K+ users in the past month