Tupperware Brands Charitable Foundation, the non-profit arm of Tupperware Brands, announced a $1 million donation to the National Park Foundation. The donation is to further support waste diversion and reduction efforts in U.S. national parks. The commitment will advance efforts to help visitors know before they go—and use reusable, functional products that can support a waste-free…

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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amount of its outstanding 4.750% Senior Notes due 2021 (the “Notes”) that were validly tendered (and not validly withdrawn) at or prior to…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 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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Chris O'Leary

Tupperware Brands Corporation shares are down over 20 percent in pre-market trading today following the launch of an investigation into the company’s financial accounting by Shareholder Rights Law Firm Johnson Fistel, LLP. Johnson Fistel is investigating potential violations of the federal securities laws by Tupperware and its officers and directors following yesterday’s announcement by Tupperware…

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Chris O'Leary

Tupperware Brands Corporation (NYSE: TUP) recently announced that Christopher D. O’Leary has been elected to the company’s board of directors, effective immediately. “We are pleased to have Chris join our board,” said Executive Chairman Rick Goings. “He brings more than 37 years of operational and leadership experience to Tupperware, having served in several strategically important executive positions…

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Tupperware Q3

Tupperware Brands Corporation recently announced that following a successful 25-year career with the company, Michael S. Poteshman plans to retire from his role as executive vice president and chief financial officer (CFO). Poteshman will continue in his role until March 1, 2019, following the company’s fiscal year 2018 financial closing process. Poteshman joined the company’s former parent company, Premark International, Inc.…

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