, which has warned of a possible bankruptcy, said on Monday it signed on investment bank Moelis & Co LLC to help explore strategic alternatives, and added it has also found additional prior period misstatements in its financial reporting.
Orlando, Florida-based Tupperware in April raised doubts about its ability to continue as a going concern, as itamid a surge in usage of free restaurant to-go boxes and rising competition from cheaper food storage containers. While it was not immediately clear if the year-ago revenue was comparable, the company said it was continuing its restatement of previously issued financial statements for the year ended Dec. 31, 2022.
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