KUALA LUMPUR, Aug 26 — Malaysia, a significant market for the Tupperware business, is essential to the company’s growth and ability to compete globally in the household products market, said Tupperware Brands Corporation president and chief executive officer Miguel Fernandez.
“Malaysia is one of our top five countries, we count on the top five to support growth. So Malaysia is obviously a key market for us,” said Fernandez during Tupperware’s 2023 “World Tour,” a month-long effort in which Fernandez and Tupperware’s chief commercial officer Hector Lezama visited the company’s largest markets.
The debt restructuring exercise is expected to provide the company with the increased financial flexibility to continue turnaround efforts and to reduce/reallocate cash interest and fees of approximately US$150 million, as well as extend the maturity of certain debt facilities, a press release said earlier this month.
“We produce an array of product categories. So, the trick in our industry is the highly specialised moulds. If more moulds are in the same factory, this will not help . It is better to put a lot of moulds in many countries, so these countries can produce at around the same time to satisfy consumer demand.
It also launches limited-edition products to mark seasonal milestones and important holidays to meet consumer demand in different countries.