Tupperware Brands plans to file for bankruptcy: Report
- Posted on September 17, 2024
- By Business News Today
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Tupperware Brands plans to file for bankruptcy: Report
Tupperware Brands is preparing to file for bankruptcy this week, according to Bloomberg News. The company's shares dropped 15.8% after the bell, closing down 57%. Founded in 1946, Tupperware saw a sales boost during the COVID-19 pandemic but has struggled recently. The company faces over $700 million in debt and liquidity issues.