Chris O'Leary

Tupperware Brands Corporation announced the expiration and final tender results of its previously announced offer of outstanding 4.750% Senior Notes. The “First Offer” was to purchase for cash up to $175 million aggregate principal amount of its outstanding 4.750% Senior Notes due 2021 (the “Notes”) that were validly tendered (and not validly withdrawn) at or prior to…

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Tupperware Q2

Tupperware Brands Corporation announced the commencement of an offer to purchase for cash up to $175 million aggregate principal amount of its outstanding 4.750% Senior Notes due 2021. Approximately $600 million aggregate principal amount of Notes is currently outstanding. The Tender Offer is being made on the terms and subject to the conditions set forth in the…

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Tupperware Brands Corporation today named Beatriz Díaz de la Fuente as the company’s chief human resources officer. Díaz de la Fuente, who will join Tupperware on June 1, 2020, will oversee the company’s complete human resources strategy, including talent management, HR technology systems, leadership development and compensation and benefits. As part of the company’s recent organizational redesign, all human resources…

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Tupperware Brands Corporation has announced Marco Brandolini as the company’s vice president of Commercial for Europe, the Middle East and Africa (EMEA). Brandolini will be responsible for leading the Commercial business in EMEA, addressing sales trends by simplifying business models across the region, enhancing the distributor and sales force experience, and identifying opportunities to expand consumer access to the brand in Europe. Brandolini…

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Tupperware Q3

Tupperware Brands Corporation reported sales for the first quarter ended March 28, 2020, were $375.9 million, down 23 percent versus last year. “We continue to take swift actions to strengthen our business and navigate the uncertainties of COVID-19, including accelerating our planned cost savings from $50 million to $75 million in 2020,” said Miguel Fernandez, president and chief executive officer…

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Tupperware Q2

Tupperware Brands Corporation announced its business continuity plans in response to the COVID-19 pandemic, which are aimed to preserve the long-term financial health of the business. “During these uncertain times, the health and safety of our employees and sales force remains our top priority,” said Miguel Fernandez, president and CEO of Tupperware Brands. “Like many companies…

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Chris O'Leary

Tupperware Brands Corporation  announced an organization redesign aimed at driving long-term sales and profitability growth, along with the appointments of three new executives to the leadership team. Following months of organization design work with a leading management consulting firm, the company’s recently appointed President and Chief Executive Officer Miguel Fernandez has taken the first steps to…

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Tupperware Brands Corporation announced that Mauro Schnaidman has been elected to its Board of Directors. Schnaidman is a seasoned executive with more than 30 years in the consumer product, digital and direct selling sectors. He is the former president and chief executive officer of JAFRA Cosmetics International, a global marketer of beauty and skin care products. In…

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Tupperware Brands Corporation (NYSE: TUP) today announced that its Board of Directors has appointed Miguel Fernandez as president and chief executive officer, effective April 6, 2020. The Board also has appointed Richard (“Rich”) Goudis as executive vice chairman, effective March 12, 2020. Goudis is the former chief executive officer of Herbalife Nutrition Ltd. “The Board is…

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Direct Selling News has been talking a lot lately about how our channel needs to evolve and come in line with the current consumer landscape. In a recent article posted, the Wall Street Journal shone a light on Tupperware’s struggle to attract customers as well as its Feb. 24 announcement that its annual report would…

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