Tupperware Brands plans to file for bankruptcy, sources say, after lengthy efforts to revive it

Quick Summary:

It had made plans to close its only US factory and lay off employees back in June.

Tupperware has for years warned of doubt in its ability to stay in business.

The lenders agreed in 2024 to give it some breathing room on the violated loan terms, but the company continued to deteriorate.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Protracted People Plans Million Bankruptcy Debt Tupperware Negotiations Manage Business Lenders

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 07:28:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 390 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22556044

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 18 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 3 hours ago

Coverage Areas: Singapore

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News Language: English

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Publisher ID: #25

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