Tupperware Brands Corporation announced its entry into a definitive agreement regarding the sale of its House of Fuller beauty business in Mexico.
“We are pleased to have reached agreement to sell our Fuller beauty business in Mexico,” said Miguel Fernandez, President and Chief Executive Officer of Tupperware Brands. “This sale represents further progress toward our stated goal of divesting non-core assets and enables the company to focus its resources on growing our core Tupperware brands. We will continue to execute on our turnaround plan in order to restore this iconic brand to sustained growth and deliver increased value to all stakeholders.”
Tupperware also recently sold its Avroy Shlain beauty business in South Africa. Additional details regarding this definitive agreement, including anticipated closing date, have yet to be disclosed.