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 […]
The success of Tupperware Brands Corporation’s “turnaround plan” has allowed for the company’s prepayment of $58 million of its term loan debt from Angelo Gordon and JP Morgan. The company’s financial stability has also led its Board of Directors to authorize share repurchases of up to $250 million of the company’s outstanding shares of common stock. […]
Tupperware Brands Corporation released its financial results for the first quarter of 2021, announcing net sales of $460.3 million, an increase of 22% over last year. The company’s EBITDA increased 551% to $88.6 million, compared to $13.6 million in the first quarter of 2020.
Tupperware will donate 50 percent of the retail price from their Eco Water Bottle sales to the National Park Foundation in honor of #GivingTuesday, up to $30,000. The donation is part of an effort to support waste-free adventures within the parks. Eco Water Bottles are environmentally friendly and are one of Tupperware’s best-selling products. “When […]
Transformation Capital reported that September represented a generally volatile period for the markets as a whole. According to the investment banking and business development firm, members of its direct selling tracking set were not immune to the action within the broader indices. Generally speaking, the larger capitalization stocks were flat, to slightly down during the month, […]
Tupperware Brands Corporation today reported second quarter sales of $397.4 million, down 16 percent versus last year and 8 percent in local currency. According to the company, while average active sales force was down 17 percent, sales per active sales force was up 11 percent, reflecting strong engagement by the sales force utilizing digital tools […]
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 […]
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 […]
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 […]