Tupperware Seeks Bankruptcy Protection As Demand For Its Colorful Containers Fades In The E-Commerce Era [Yahoo! Finance]
Tupperware Brands Corporation (TUP)
Last tupperware brands corporation earnings: 10/30 07:00 am
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ir.tupperwarebrands.com
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Source: Yahoo! Finance
Bankruptcy Court for the District of Delaware. In a filing , the company said, while its direct-selling business model thrived for years, in recent times the model's historical strength had waned with time. The company's focus on its direct sales strategy came at the cost of developing an omnichannel strategy or even a modern e-commerce structure to support its sales force. The operational deterioration stressed the firm's capital structure by 2022-end, the filing read. “Over the last several years, the Company's financial position has been severely impacted by the challenging macroeconomic environment,” said Laurie Ann Goldman, President and Chief Executive Officer of Tupperware. Also Read: MicroStrategy Raises $875M In Convertible Notes, Plans Further Bitcoin Purchases Tupperware plans to seek court approval to maintain operations throughout the proceedings and remains dedicated to delivering its products via Tupperware sales consultants, retail partners, and online chan
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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
- Iconic Tupperware Brands seeks Chapter 11 bankruptcy [Financial Post (Toronto, Ontario, Canada)]Financial Post