Household brand Tupperware is facing closure after rising debts and a slip in sales.According to the
, the 77-year-old US company is struggling to appeal to a younger market and its share price dropped sharply. , Tupperware said the company's board of directors was engaged with management to improve the company's capital structure and near-term liquidity. It said the company engaged financial advisers to assist in securing supplemental financing and is engaging in discussions with potential investors or financing partners.
“Tupperware has embarked on a journey to turn around our operations and today [Thursday] marks a critical step in addressing our capital and liquidity position,” said CEO Miguel Fernandez. “The company is doing everything in its power to mitigate the affects of recent events, and we are taking immediate action to seek additional financing and address our financial position.”
Just make it a bit cheaper...
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Tupperware may be going out of businessTupperware may be going out of business: Household brand (and your mother’s beloved skaftin) Tupperware is facing closure due to rising debts and a dip in sales. Doesn't bother me, their products were expensive and not that great anyway, the lids all went skeef and you would battle to fit them onto the container. It is sad though for all the employees whom will be retrenched. That's good Resurrection in Revelation 20:6 ended on 20/05/2022. Revelation 14:13 has already started on the 25th January 2023.
Source: SABreakingNews - 🏆 41. / 51 Read more »
Tupperware may be going out of businessHousehold brand (and your mother’s beloved skaftin) Tupperware is facing closure due to rising debts and a dip in sales. We just use ice-cream and butter containers instead. Otherwise the fong kong brands from China shop serves same purpose. well its bloody expensive
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