US multinational Tupperware has begun bankruptcy proceedings, dragged down by falling sales, and will seek court approval to continue operating and facilitate a sale process to protect the brand. The bankruptcy filing in the Delaware Bankruptcy Court comes after months of proceedings. Tupperware Brands,...
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Tupperware is in deep crisis and at risk of going bankrupt
US food storage container manufacturer Tupperware has warned that it could go bust if it fails to quickly raise new funding. Shares sank almost 50% this Monday after the 77-year-old company signaled continued concern over serious doubts about its ability to continue operating, given that...