Tupperware’s sale to lenders approved by bankruptcy judge, keeping the iconic food containers on shelves

Quick Summary:

Under terms of the deal, a group of lenders is buying Tupperware’s brand name and various operating assets for $23.5 million in cash and more than $63 million in debt relief.

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Article Details

Author / Journalist: Wyatte Grantham-Philips, The Associated Press

Category: EconomyBusiness

Markets: United StatesBrazilCanadaChinaIndiaSouth KoreaMalaysiaMexico

Topics: Buyout Storage Brands Bankruptcy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 12:48:14 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 32 words

Reading Time: 1 minutes read

Sentences: 28 lines

Sentence Length: 2 words per sentence (average)

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

Copyright Owner: © Fortune

News ID: 23338671

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 54 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #95

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