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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.
Tupperware also says it will seek the court’s approval to sell the business “in order to protect its iconic brand and further advance Tupperware’s transformation into a digital-first ...
Tupperware found that lifeline four months later, when it reached a deal with its creditors to reduce its interest payment obligations by $150 million. It also secured $21 million in new financing ...
Tupperware is an American company that manufactures and internationally distributes preparation, storage, and serving containers for the kitchen and home. It was founded in 1942 by Earl Tupper , who developed his first bell-shaped container and introduced the products to the public in 1946.
Joseph Hara (December 29, 1925 – December 24, 2017) was an American businessman and philanthropist. [2] Hara was best known for his time at Tupperware, where he served as a President and CEO of Tupperware Worldwide for 20 years from 1971 .
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 Brands Corporation was founded as The Tupperware Company in 1938 in South Grafton, Massachusetts by Earl Tupper. [4] In 1951, Tupper and his wife moved the company's headquarters to Kissimmee, Florida , where they had purchased 1,000 acres of land. [ 5 ]
In its filing with the U.S. Bankruptcy Court for the District of Delaware, Tupperware listed assets of between $500 million and $1 billion and liabilities of between $1 billion and $10 billion.