Tupperware Brands Corp. filed for bankruptcy following a years-long struggle with sales declines and growing competition. Publicly-traded Tupperware filed for Chapter 11 bankruptcy protection, listing assets of between $500 million to $1 billion and liabilities of $1 billion to $10 billion, according to its court filing. The company will seek court approval to facilitate a sale process of the business and to continue operating during bankruptcy proceedings, it said in a separate statement.
Comment on Tupperware Files for Bankruptcy Amid Declining Sales and Growing Competition
Eliza Ronalds-Hannon / Bloomberg, Time: Business
Wed, 09/18/2024 - 12:50am
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