Tupperware files for bankruptcy in the US [Yahoo! Finance]
Tupperware Brands Corporation (TUP)
Last tupperware brands corporation earnings: 10/30 07:00 am
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Source: Yahoo! Finance
Tupperware Brands Corp is seeking to sell the business while continuing to operate. It has officially filed for bankruptcy with Chapter 11 creditor protection under US bankruptcy law. The US firm revolutionized the world of housewares with its bowls, dishes and kitchen containers, becoming a symbol of post-World War II prosperity. But the Orlando-based company, founded in 1946 by Earl Tupper, has been struggling amid a fiercer competition in the market for household goods and booming online trading. In recent months, the company has been negotiating with lenders to whom it owes several hundred million dollars. According to a statement, the company said the Tupperware brand can best be protected by selling the company. Laurie Ann Goldman, president and chief executive officer of Tupperware, said late Tuesday: "Over the last several years, the Company's financial position has been severely impacted by the challenging macroeconomic environment. As a result, we explored numerou
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News
- Tupperware Lenders Fight Over Assets, Including Brand Name [BNN Bloomberg (Canada)]BNN Bloomberg
- Tupperware Lenders Fight Over Assets, Including Brand Name [Yahoo! Finance]Yahoo! Finance
- Tupperware Files for Bankruptcy After Struggling With Weak Sales [Yahoo! Finance]Yahoo! Finance
- Tupperware files for Chapter 11 bankruptcy [Yahoo! Finance]Yahoo! Finance
- Tupperware Seeks Bankruptcy Protection As Demand For Its Colorful Containers Fades In The E-Commerce Era [Yahoo! Finance]Yahoo! Finance