Tupperware warns it could go out of business, sending shares plunging

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Tupperware warns it could go out of business, sending shares plunging
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The iconic US brand saw its share price fall to US$1.24, hitting a three-year low, after it said it hired “financial advisors to help improve its capital structure theSun theSundaily business shares Tupperware decrease cash shortage

CHICAGO, ILLINOIS - APRIL 10: Tupperware products are offered for sale at a retail store on April 10, 2023 in Chicago, Illinois. Tupperware stock closed down nearly 50 percent today after the company warned that it may go out of business. - AFPPIX: Shares of Tupperware plunged 49 per cent on Monday as the maker of plastic containers and other kitchen products warned of acute cash shortages, reported German news agency dpa.

“The company is doing everything in its power to mitigate the impacts of recent events,“ Tupperware boss Miguel Fernandez said in a company statement.

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