Tupperware Brands Files for Bankruptcy After Years of Declining Sales
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- Опубліковано 28 вер 2024
- Tupperware Brands Files for Bankruptcy After Years of Declining Sales
Tupperware Brands Corp, the iconic American food storage container maker, has filed for Chapter 11 bankruptcy after years of declining sales. The company, which once dominated the market with its airtight plastic products, has faced financial struggles in recent years. Tupperware’s CEO said, "Over the last several years, the company's financial position has been severely impacted by the challenging macroeconomic environment." According to bankruptcy documents, Tupperware's assets range between $500 million and $1 billion, with liabilities between $1 billion and $10 billion. The company plans to seek court approval to continue operations during the bankruptcy process while exploring strategic alternatives, including a potential sale. Reports say the firm held lengthy talks with its creditors to restructure a $700 million debt. Tupperware was founded by American chemist Earl Tupper in 1946.
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Tupperware got plastic inside indian homes via mom/ Aunties mutli level marketing. Indian households used steel boxes to store until then. Know many aunties in mu colony who were doing tupperware sale full time and had trips on achieving sales targets
the major draw back of this company product is , lids of products will break..
They are not available separatly as replacement.
And China competition of course.
We restored the warranty process almost two years ago. It was not an option during the pandemic for a couple of years. Need help with something?
@@TupEllenyes they break not easily but soon enough
@@TupEllenI didn’t get things replaced that broke
Was told there is no warranty anymore
I buy my Tuperware in the thrift shops. I can't afford the new stuff.
Tupperware is synonymous with quality. I guess the world prefers mediocrity these days.
That's what drives them to bankruptcy. Good quality product lasts longer, hence, no more sales.
They need innovation with designs and other containers that people don't know about
No. The world doesn't prefer mediocrity, they prefer affordable products. Also, mediocrity is subjective.
This is sad, sad news. I hope they can build their factories in cheaper places, and continue supplying the nice sturdy boxes to carry snacks or lunch.
One of their products can last years, they need to make products that break within 6 months, then they’ll bounce back from bankruptcy.
Very sad.
The best of storage systems.
My husband will be glad 😅when her open the Tupperware cubbard wow
I knew it would go bankrupt the first time I heard about it
😥
China
Yup...get used to sub par products if you haven't already.
Thermos are better lol
Nobody wants to pay $50 for 3 bowls with a lid. lol..
No one wants to pay for quality.
Accept you and me😢😢😢😢
Sells PLASTIC at 4-6 Times the PRICE.... Good Riddance😂
Selling everything costly still in losses, how you are doing this bro.
That's sad Tupperware is a synonym to air tight container in india , i recently bought few from a Tupperware store near me i thought company was doing good profit when i visited the store , hope they bounce back
Who needs more plastic anyway? The ocean sure doesn't.
I have Tupperware from my grandmother so
Close a US plant and don't expect Americans to buy your stuff again.
CEO has nice hair.
US Tupperware was 20-30% better quality, but at 5x higher price compared to Chinese tupperwares. Not everyone needs a Mercedes / BMWs.
How do you manage to get Tupperware bankrupt ?? 😂 And how many investors must they have burnt through by now ??😂
saying goodbye
to an old friend.
😢 in a few years you can sell it at antique shop for beaucoup baht