Tupperware warns it could go out of business

from the New York Stock Exchange warned that Tupperware’s stock is in danger of being delisted for not filing a required annual report.The company also said its board of directors is working with management to improve the company’s finances and attempting to secure supplemental financing, including potentially taking on investors or new financing partners.

“Tupperware has embarked on a journey to turn around our operations and today marks a critical step in addressing our capital and liquidity position,” said Miguel Fernandez, president and chief executive officer of Tupperware brands, in the news release. “The Company is doing everything in its power to mitigate the impacts of recent events, and we are taking immediate action to seek additional financing and address our financial position.

Tupperware also said it’s considering layoffs as well as a slew of other methods to preserve or acquire additional liquidity. The company said it’s reviewing its real estate portfolio for property it may sell and, according to the , it had previously moved off all its remaining land in Central Florida with deals in 2021 and 2020, also entering a sale-leaseback agreement for its corporate headquarters in November 2020.Daily Herald Archive / SSPL via Getty Images

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Tupperware’s stock craters after food-storage company warns it may go bustTupperware Brands Corp.'s stock slid 45% Monday to the lowest level in three years. I guess no more people hosting Tupperware parties
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Tupperware warns company could go out of businessThe company says it is looking for financing because it doesn’t have enough cash to fund its operations.
Fonte: cleveland19news - 🏆 70. / 68 Consulte Mais informação »

Tupperware warns it may go out of businessTupperware is warning it may go out of business, just three years after the retro brand enjoyed a surprise surge from legions of pandemic shut-ins trying their hand at cooking. Someone should throw them a party…. Literally anything good has neither ended or is being replaced with pure crap or is going to end & everything that sucks stays. Oh no. That’s sad to hear.
Fonte: CBSNews - 🏆 87. / 68 Consulte Mais informação »

Tupperware warns company could go out of businessThe company said it is looking for financing because it doesn’t have enough cash to fund its operations.
Fonte: AKNewsNow - 🏆 460. / 53 Consulte Mais informação »

Food storage brand Tupperware warns it could go out of businessCreated in the 1940s by American entrepreneur Earl Tupper, the Orlando-based company enjoyed a short-lived resurgence in popularity during the pandemic. *Legendary' is the newsroom's most overblown descriptor. Repubs must be freaking out over all those colors (woke!!!). The Ziploc bag did them in
Fonte: NBCNews - 🏆 10. / 86 Consulte Mais informação »