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Posts tagged as “Chapter 11”

Tupperware files for bankruptcy as its colorful containers lose relevance   

Rappler;

Tupperware Brands Corp. and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, September 17, giving in to dwindling demand for its once-iconic food storage containers and mounting financial losses.

The company’s struggles resumed after a short-lived pandemic boost, when increased home cooking briefly drove demand for its colorful, airtight plastic containers. A post-pandemic jump in costs of raw materials such as plastic resin, as well as labor and freight, further dented Tupperware margins.

I can still remember those all those sales agents that goes to our house trying to sell us different sets of Tupperware.

You can read the official statement from Tupperware here.