Tupperware is an American company that manufactures and internationally distributes preparation, storage, and serving containers for the kitchen and home. It was founded in 1946 and is headquartered in Orlando.
According to reports, Tupperware recently filed for Chapter 11 bankruptcy protection due to slow demand for its once-iconic food storage containers, as well as financial losses and a challenging macroeconomic environment.
The report further mentions that the company has been trying to turn its business around for about four years after a drop in sales since 2021, with estimated liabilities ranging from $1 billion to $10 billion USD and estimated assets of $500 million to $1 billion.
