Tupperware Brands announced its official exit from Europe. Germany, which was at one time the company’s strongest market, has officially closed and business activities have been discontinued.
Tupperware Brands Corp. announced it will permanently close its Orlando, Florida headquarters and lay off 145 employees, effective December 31, 2024.
Tupperware Brands Corporation announced it has voluntarily initiated Chapter 11 proceedings. The company stated it will also seek court approval to continue operations during the proceedings and will pursue a sale process with the intention of protecting the brand. In 2020, the company announced a Turnaround Plan that it believed would dramatically right-size its cost […]
Tupperware Brands will file for bankruptcy later this week, according to a Bloomberg News report. This news follows protracted negotiations between the legacy brand and its lenders regarding how to manage the company’s more than $700 million in debt. The company’s shares were down 15.8% yesterday after the bell, and down 57% at closing. According […]
The Chief Financial Officer for Tupperware Brands, Mariela Matute, announced her official resignation, effective July 31, 2024. Matute joined the company in 2022, bringing with her more than two decades of finance experience in the technology, consumer and manufacturing sectors.
Tupperware Brands Corporation released its financial results for the third quarter and first nine months of 2023. Q3 2023 sales reached $259.6 million, down from $303.6 million in the same quarter of 2022. In the first nine months of 2023, sales were $828.3 million, compared to $990.4 million in the first three quarters of 2022. […]
In June 2023, Tupperware Brands Corp (NYSE: TUP) received a non-compliance notice from the NYSE, which cited its inability to trade above $1 per share for 30 consecutive days. On October 3rd, Tupperware reported that it had been granted a requested extension.
In its list of America’s Most Responsible Companies 2022, Newsweek recognized Tupperware Brands as number 24 in the Consumer Goods category.
In its first annual “Brands That Matter” list, Fast Company included Tupperware as an honoree, identifying it as a company that does more than sell products or provide services. Brands included in this list illustrated their relevance through cultural impact, social engagement and authentic communication of their mission and ideals.
Tupperware Enters Agreement to Sell its “House of Fuller” Beauty Business as Part of Turnaround Plan
Tupperware Brands Corporation announced its entry into a definitive agreement regarding the sale of its House of Fuller beauty business in Mexico.
With a focus on sustainability, Tupperware designed the ECO+ To-Go Cup with the goal of addressing waste management issues caused by single-use coffee cups.
Tupperware’s second quarter of 2021 financial highlights included net sales of $464.7 million and GAAP diluted earnings per share of $0.67. Adjusted diluted earnings per share totaled $0.95. “The double-digit sales growth reflects our initial investments and numerous initiatives to create long-term sustainable growth in our core direct selling business,” said Miguel Fernandez, President and […]