Tupperware Brands Corp. and some of its subsidiaries give in to dwindling demand for its once-iconic food storage containers and mounting financial losses
This is AI generated summarization, which may have errors. For context, always refer to the full article.
The company’s struggles resumed after a short-lived pandemic boost, when increased home cooking briefly drove demand for its colorful, airtight plastic containers. A post-pandemic jump in costs of raw materials such as plastic resin, as well as labor and freight, further dented Tupperware margins. Tupperware has been planning to file for bankruptcy protection after breaching the terms of its debt and enlisting legal and financial advisers, Bloomberg reported on Monday.
Retail Industry Business Corporate
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MPIC toll unit upbeat on merger with SMCMETRO Pacific Tollways Corp. (MPTC), the tollways arm of Metro Pacific Investment Corp. (MPIC), is optimistic in coming to terms with San Miguel Corp. (SMC) for a possible merger.
Read more »
SM Hotels and Conventions Corp. (SMHCC) Works with TUV Rheinland for food & safety hygiene (FSH) policiesSMHCC collaborated with TUV Rheinland, (Technischer Überwachungsverein or Technical Inspection Association), one of the world’s leading testing service providers in the review of SMHCC’s FSH guidelines, upholding the company’s commitment in providing exceptional dining experiences with the highest standards of safety and quality.
Read more »
Ayala Corp. leads PH firms included in TIME's 'World's Best Companies' listLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
SM Hotels and Conventions Corp. beefs up Food & Safety Hygiene policiesDefining the News
Read more »
Bloomberry Resorts Corp.'s Solaire bags prestigious IAG Academy awardsSOLAIRE Resort was proud to announce its stunning success at the 2024 Inside Asian Gaming (IAG) Academy Awards, where it emerged victorious in three of the most prestigious categories: Best IR (Integrated Resort) Gaming Floor for Solaire Resort Entertainment City, Best Regional Asia-Pacific IR for Solaire Resort Entertainment City, and Best...
Read more »
Social Housing Finance Corp. grants moratorium after Carina hit Metro Manila, Central LuzonTHE Social Housing Finance Corp. (SHFC) announced it followed the call of Human Settlements and Urban Development Secretary Jose Rizalino L. Acuzar to impose a one-month moratorium on monthly payments for beneficiaries affected by Typhoon Carina last month.
Read more »