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 […]
Rosen Law Firm, a global investor rights law firm, announced it has filed a class action lawsuit on behalf of purchasers of the securities of Tupperware Brands Corporation (NYSE: TUP) between January 30, 2019 and February 24, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Tupperware investors under the federal securities laws. According to the […]
Rosen Law Firm, a global investor rights law firm, announced it has filed a class action lawsuit on behalf of purchasers of the securities of Tupperware Brands Corporation (NYSE: TUP) between January 30, 2019 and February 24, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Tupperware investors under the federal securities laws. According to the […]
Tupperware Brands Corporation recently announced that E.V. (Rick) Goings, chairman emeritus of Tupperware Brands, will retire from the Board, effective February 19, 2020. “Leaving the Tupperware Brands board will allow me to focus on my philanthropic work, especially as chairman and co-founder of the World Federation of Youth Clubs, which supports youth service organizations around the […]
Tupperware Brands Corporation recently announced that E.V. (Rick) Goings, chairman emeritus of Tupperware Brands, will retire from the Board, effective February 19, 2020. “Leaving the Tupperware Brands board will allow me to focus on my philanthropic work, especially as chairman and co-founder of the World Federation of Youth Clubs, which supports youth service organizations around the […]