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| Economy |
| Tupperware files for Chapter 11 bankruptcy. |
| 2024-09-19 |
| [CNN] Tupperware, known the world over for its plastic food storage containers, has filed for bankruptcy after years of falling popularity and financial troubles. "Over the last several years, the company's financial position has been severely impacted by the challenging macroeconomic environment," Laurie Ann Goldman, president and CEO of Tupperware Brands Corporation, said in a statement late Tuesday. Chapter 11 bankruptcy allows companies to solve their financial problems by restructuring. "This process is meant to provide us with essential flexibility as we pursue strategic alternatives to support our transformation into a digital-first, technology-led company," Goldman added. Tupperware has historically sold to consumers only through so-called direct sales, most commonly at "Tupperware parties," similar to cosmetic company Avon's business model, and only began selling in Target in 2022. The 78-year-old brand empowered women to enter the sales business. |
| Posted by:Lord Garth |
| #1 Robert Kennedy: By the way, China invaded India today. Kenny O'Donnell: You're kidding, aren't you? Robert Kennedy: Yeah, I wish I were. Galbraith is handling it in New Delhi. Makes you wonder what's coming next. Kenny O'Donnell: Geez. What is it about the free world that pisses the rest of the world off? Robert Kennedy : I don't know. We have Tupperware parties? Thirteen Days (2000) |
| Posted by: European Conservative 2024-09-19 06:58 |