Tupperware is preparing to file for bankruptcy protection, Bloomberg reports
Tupperware Brands Corp. is planning to file for bankruptcy protection, after the food-storage and kitchenware brand broke the terms of its debt following years of struggles with competition, Bloomberg reported on Monday.
Tupperware planning to file for bankruptcy as it struggles with $700M debt: report
The bankruptcy preparations follow protracted negotiations between the home-goods company and its lenders over how to manage more than $700 million in debt, Bloomberg News reported.
Tupperware Brands plans to file for bankruptcy, Bloomberg News reports
Tupperware Brands is preparing to file for bankruptcy as soon as this week, Bloomberg News reported on Monday, citing people familiar with the matter.
Tupperware extends debt agreement until July 7
Tupperware Brands Corp. has extended its debt agreement, according to an SEC filing by the beleaguered maker of food-storage containers.
Tupperware shutting down last US plant, moving production to Mexico
Tupperware Brands said it will close its last remaining manufacturing plant in the U.S. this fall, which will result in more than 100 employees losing their jobs.
What's Going On With Tupperware's Stock?
Tupperware shares have received attention from retail traders on social media over the past week as the meme stock rally moved from larger companies like and to smaller caps including Tupperware Brands. Though the stock has benefited from the recent retail-fueled rally, Tupperware shares are down nearly 90% from 2021's highs. In its recent quarterly report, Tupperware reported a 14% decrease in revenue from the prior year, and a $55.8 million net loss. Tupperware shares are moving on heavy trading volume Monday which can lead to large price movements when combined with high-short interest in a stock. According to data from Benzinga Pro, more than 6.3 million shares have already been traded in the session, and 22.08% of shares are being sold short. What’s Going On With Faraday Future’s Stock Friday? How To Buy TUP Stock: By now you're likely curious about how to participate in the market for Tupperware Brands – be it to purchase shares, or even attempt to bet against the company. Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. In the the case of Tupperware Brands, which is trading at $2.31 as of publishing time, $100 would buy you 43.29 shares of stock. If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline. According to Benzinga Pro, Tupperware shares are up 4.55% at $2.30 at the time of publication Monday.
