US EditionFood container firm Tupperware files for bankruptcy in the US
- Tupperware, a food storage container maker, has filed for bankruptcy in the US, aiming to protect the brand and seek a buyer.
- The bankruptcy filing allows Tupperware to restructure debt while continuing to serve customers and pay employees.
- Chief Executive Laurie Ann Goldman noted the company's financial struggles due to a challenging macroeconomic environment.
312 Articles
312 Articles
Iconic company files for bankruptcy
Tupperware Brand Corporation, an iconic food storage container company, announced on Tuesday that it was filing for bankruptcy. In a Tuesday press release, Tupperware Brand Corporation revealed it had voluntarily decided to initiate Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware. According to Tuesday’s press release, the iconic company is seeking court approval to continue operations during the bankr…
The American manufacturer of the famous plastic containers Tupperware, which had been in financial problems for years, announced on Wednesday that it was launching bankruptcy proceedings. “For several years now, the company's financial situation has been severely affected by a difficult macroeconomic environment,” said Laurie Ann Goldman, the company's executive president, who filed a request for protection under Chapter 11, the U.S. bankruptcy …
Tupperware, no longer a kitchen staple, files for bankruptcy
Tupperware, the brand synonymous with food storage in American homes, has filed for bankruptcy after years of struggling with its business model and debt.The brand wrote itself into American culture after its founding in the 1940s, popularizing the "party" style of sales for its tight-sealing tumblers, bowls and cookware. It revolutionized the woman's role in the kitchen and the U.S. economy.To this day, most of Tupperware's sales are done by t…
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