Tupperware Brands filed for Chapter 11 bankruptcy protection following significant financial losses and declining demand for food storage containers. The company, famous for its 1950s “Tupperware parties,” has struggled to compete with cheaper, eco-friendly alternatives. Tupperware's CEO Laurie Goldman cited the challenging macroeconomic environment as a major factor behind its weakened financial position.
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00:00It's Benzinga, and here's what's on the block.
00:02Tupperware Brands filed for Chapter 11 bankruptcy protection following significant financial
00:07losses and declining demand for its food storage containers.
00:10The company, famous for its 1950s Tupperware parties, has struggled to compete with cheaper,
00:15eco-friendly alternatives.
00:17Tupperware CEO Lori Goldman cited the challenging macroeconomic environment as a major factor
00:22behind its weakened financial position.
00:24For all things money, visit Benzinga.com.