Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection.
NEW YORK —
Doubts around Tupperware’s future have floated around for some time. Last year, the company sought additional financing as it warned investors about its ability to stay in business and its risk of being delisted from the New York Stock Exchange. Tupperware’s roots date back to 1946. According to the company’s website, shortly after the Great Depression, chemist Earl Tupper found inspiration while creating molds at a plastics factory — setting out on a mission to create an airtight seal for a plastic container, similar to that on a paint can, to help families save money on food waste.
According to court documents published Tuesday, Tupperware currently employs more than 5,450 employees across 41 countries — and additionally partners with global sales force of over 465,000 consultants who sell products on a freelance basis in nearly 70 countries.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Iconic Tupperware Brands seeks Chapter 11 bankruptcyTupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection.
Read more »
Iconic Tupperware Brands files for Chapter 11 bankruptcy protectionTupperware Brands plans to continue operating and will seek court approval for a sale
Read more »
Tupperware Brands files for Chapter 11 bankruptcyTupperware Brands said on Tuesday that company and some of its subsidiaries have voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy...
Read more »
Tupperware Files for Bankruptcy as Turnaround Effort Fails(Bloomberg) -- Tupperware Brands Corp., whose plastic containers became synonymous with food storage, filed for bankruptcy following a years-long struggle...
Read more »
Long-running battle over lucrative beach concessions between Italy and EU could be in final chapterROME (AP) — The latest chapter in a seemingly endless saga over the management of Italy’s lucrative beach concessions has set Italian beaches on fire this...
Read more »
‘New chapter’ for independent Montreal cinema after Denis Villeneuve donationCinéma du Parc said Quebec-born director Denis Villeneuve is the latest big-name director to show his support for a cherished local theatre.
Read more »