Tupperware Files for Bankruptcy Amid Mounting Losses and Liquidity Issues

Benzinga
Benzinga
  • yesterday
Tupperware Brands filed for Chapter 11 bankruptcy protection following significant financial losses and declining demand for food storage containers. The company, famous for its 1950s “Tupperware parties,” has struggled to compete with cheaper, eco-friendly alternatives. Tupperware's CEO Laurie Goldman cited the challenging macroeconomic environment as a major factor behind its weakened financial position.

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