Household brand Tupperware is facing closure due to rising debts and a dip in sales.the 77-year-old US company is struggling to appeal to a younger market and its share price dropped sharply.
It said the company engaged financial advisors to assist in securing supplemental financing and was engaging in discussions with potential investors or financing partners. “The company is doing everything in its power to mitigate the effects of recent events, and we are taking immediate action to seek additional financing and address our financial position.”“Due to the challenging economics, coupled with the increased levels and cost of borrowings, the company forecasts that, if it is unable to obtain adequate capital resources or amendments to its credit agreement, it may not have adequate liquidity in the near-term.
There’s a need for new competition fast, fast.
Resurrection in Revelation 20:6 ended on 20/05/2022. Revelation 14:13 has already started on the 25th January 2023.
That's good
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.