Tupperware warns of collapse unless it finds funds – BBC News
- last year
Tupperware, the US maker of food storage containers, has warned that it could go bust unless it can quickly raise new financing.
The 77-year-old firm said there was "substantial doubt about its ability to continue as a going concern".
Tupperware has been attempting to reposition itself to a younger audience but has failed to stop a slide in its sales.
Its shares plunged nearly 50% on Monday before recovering slightly on Tuesday.
The 77-year-old firm said there was "substantial doubt about its ability to continue as a going concern".
Tupperware has been attempting to reposition itself to a younger audience but has failed to stop a slide in its sales.
Its shares plunged nearly 50% on Monday before recovering slightly on Tuesday.