WASHINGTON, D.C. — Tupperware Brands and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, the food container firm said in a statement.
The company, known for its trademark food storage containers, has been hit by dwindling sales in recent years.Last year the New York-listed firm warned of 'substantial doubt' about its ability to keep operating in light of its poor financial position. Tupperware products are offered for sale at a retail store in Chicago, Illinois, in this April 10, 2023 photo. Hit by dwindling sales, Tupperware Brands Inc. and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Sept.
Over the last several years, the company's financial position has been severely impacted by the challenging macroeconomic environment,' President and Chief Executive Officer Laurie Ann Goldman said in a statement announcing the bankruptcy filing.'As a result, we explored numerous strategic options and determined this is the best path forward,' added Goldman.
Tupperware Seeks Bankruptcy Protection
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