Tupperware May File For Bankruptcy. Here Are 5 Companies That Already Have This Year [Yahoo! Finance]
Tupperware Brands Corporation (TUP)
Last tupperware brands corporation earnings: 10/30 07:00 am
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Source: Yahoo! Finance
The company warned investors last year of its struggles to stay in business. Red Lobster, Joann, Express, 99 Cents Only, and Redbox parent Chicken Soup for The Soup Entertainment all filed for bankruptcy this year. Tupperware Brands ( TUP ) plans to file for bankruptcy as early as this week, according to a Bloomberg report citing people familiar with the company. The food-storage maker has been working with lenders on how to deal with its more than $700 million in debt and violated the terms of its loan agreement, the report said. This comes after Tupperware warned last year that certain conditions and events "raise substantial doubt” about its ability to stay in business. Several other well-known brands have already bit on the bankruptcy bullet this year. Red Lobster declared bankruptcy in June, closing at least 50 locations and asking a judge for permission to shutter 100 more. The seafood chain had been plagued by troubles including questionable management by the private
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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