Tupperware scraps sale as rescue deal reached with lenders
Tupperware Brands (NYSE:TUP) has ditched plans to sell off its assets through an auction after reaching a rescue deal with a group of lenders on Tuesday. Lenders including Stonehill Capital Management Partners and Alden Global Capital will buy the kitchen products firm for US$23.5 million (£18.1 million) in cash and more than US$63 million in debt relief.
Tupperware cancels auction, agrees to lender takeover
Bankrupt Tupperware Brands agreed on Tuesday to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief, canceling its plans for an open-market auction of its assets.
Tupperware regains access to cash for upcoming payroll
Tupperware Brands Corporation on Wednesday reached a short-term deal with lenders opposed to its bankruptcy strategy, restoring the food container maker's access to cash accounts and allowing it to meet employee payroll and other upcoming expenses.
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We've also got a look at what's going on with Tupperware Brands and homebuilders.
Tupperware's bankruptcy crisis: can this iconic brand make a comeback?
Tupperware is a name that conjures nostalgia for many. Once a staple in every household, known for its airtight, brightly colored containers, the company enjoyed decades of success.
Why Tupperware is filing for bankruptcy
Tupperware, founded in 1946, announced it will be filing for Chapter 11 bankruptcy. Transcript: Conway Gittens: Here's what we're watching on TheStreet today.
Food container firm Tupperware files for bankruptcy
Tupperware, the maker of food storage containers, has filed for bankruptcy in the US.
Why is Tupperware bankrupt? Food storage brand's Chapter 11 filing reveals how it failed to change with the times
Tupperware Brands Corporation (NYSE: TUP), owner of the iconic food storage brand Tupperware, has filed for Chapter 11 bankruptcy protection. The filing comes after years of financial struggles despite a pandemic boost when many were under lockdown orders, leading to an increase in people cooking at home.
Decades-old kitchen staple company Tupperware files for bankruptcy
Tupperware Brands filed for bankruptcy protection, months after the iconic American brand shut down its last remaining U.S.-based plant amid financial troubles.
Tupperware Brands files for bankruptcy after years of weak sales
Tupperware Brands, the iconic food-storage company known for its resealable plastic containers and pioneering direct-to-consumer sales, has filed for bankruptcy after years struggling with weak sales.
Tupperware Brands files for Chapter 11 bankruptcy
Tupperware Brands said on Tuesday that company and some of its subsidiaries have voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware.
Tupperware May File For Bankruptcy. Here Are 5 Companies That Already Have This Year
Tupperware Brands (TUP) plans to file for bankruptcy as early as this week, according to a Bloomberg report citing people familiar with the company.
