Tupperware Brands Files For Chapter 11 Bankruptcy

Tupperware is now seeking bankruptcy protection amid growing struggles to revitalize its business.

Tupperware Brands has filed for Chapter 11 bankruptcy protections.

The company first started in 1946 and rapidly revolutionized food storage.

Tupperware is now seeking bankruptcy protection amid growing struggles to revitalize its business.

Sales improved during the early days of the COVID-19 pandemic, but overall sales have been in a steady decline since 2018 due to rising competition.

Tupperware plans to continue operating during the bankruptcy proceedings and will seek court approval for sale to protect its iconic brand.