Reported 22 days ago
Tupperware Brands is reportedly set to file for bankruptcy this week as it grapples with declining demand and over $700 million in debt, marking a significant decline for the company that has been a staple in food storage since 1946. Following failed efforts to revitalize the business and breaching loan terms, Tupperware's shares have plummeted more than 50%. The company's tumultuous journey includes a recent factory shutdown and executive changes amid ongoing financial negotiations with lenders.
Source: YAHOO