JOURNAL ARTICLE

Tupperware Lenders Fight Over Assets, Including Brand Name.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Church, Steven; Ronalds-Hannon, Eliza 3 of 3

Abstract

Tupperware Brands Corp., a well-known American brand, has filed for Chapter 11 bankruptcy protection. The company plans to sell itself while still operating, but lenders owed about $800 million are disputing over assets, including the Tupperware brand. Tupperware's revenue has been declining for years due to increased competition from online options and cultural changes. The pandemic briefly boosted sales, but the underlying decline led to bankruptcy. Lenders are urging Tupperware to accept a simple foreclosure instead of bankruptcy, while Tupperware argues that a foreclosure would exclude other creditors. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/09, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • Accession Number:179706170
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