WeWork Debacle Changes the Gig Economy Game; Public Direct Sellers Continue to Slow.   WEWORK IMPLOSION SIGNALS THE END TO BLANK CHECK FINANCING FOR GIG ECONOMY For the past several years, growth in the U.S. Direct Selling market has appeared to plateau after decades of posting mostly consistent, mid-single-digit kind of growth rates, even during…

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Tupperware Brands Corporation recently announced that Aedhmar Hynes has been elected to its Board of Directors, effective December 16, 2019. Hynes has been ranked among the 50 most powerful communications professionals in the world by PRWeek, which also named her a Global Professional of the Year in 2018 and inducted her into its Hall of…

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TuppSoho

Tupperware, one of the most iconic brands in the world, has unsealed its first pop-up location in its nearly 75-year history just in time for the holidays. TuppSoho, a limited-time store now open at 227 Mulberry Street in New York City through December 22, will offer an immersive experience where guests can purchase iconic Tupperware products. Designed to engage and…

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Chris O'Leary

Tupperware Brands Corporation announced that its Board of Directors has appointed Christopher D. O’Leary, an independent director of Tupperware, as interim chief executive officer, effective immediately. This appointment follows Tricia Stitzel’s decision to step down as chairman and CEO of Tupperware, and as a director of the company. Susan M. Cameron, lead director of the Board, was named non-executive…

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LuLaRoe

The Press-Enterprise, which serves the Inland Empire in Southern California, is reporting that LuLaRoe will permanently lay off 167 workers at its Corona, California distribution center. The layoffs were listed as a permanent closure of the facility in a notification received Wednesday, Oct. 23, by the state’s Employment Development Department. The state of California requires…

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Tupperware Q3

Tupperware Brands Corporation announced third quarter 2019 sales of $418.1 million, down 14 percent versus third quarter of 2019. “Sales for the third quarter ended in line with our forecasted guidance as the challenging trends we’ve been experiencing in Brazil, China, and U.S. and Canada persisted as we expected,” said Tricia Stitzel, chairman and chief executive officer of Tupperware Brands. Third…

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Public Direct Sellers: Why We Have “Regulatory” and “China” as Risk Factors; Stocks Feeling the Pain China deteriorates substantially, and it’s not geopolitics  Business in China for the publicly traded Direct Selling stocks slowed substantially in the Q2 due to the government’s crackdown on direct selling nutrition companies earlier in the year. The most exposed…

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Tupperware Brands announced that Patricia A. Stitzel has been appointed Chairman of the Board effective May 22, 2019, following the company’s annual meeting of shareholders. Stitzel is the first woman to hold this position in the company’s 70-year history and takes on this responsibility in addition to her existing role of chief executive officer, which…

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Clean the World Foundation

Tupperware Brands Corporation recently announced the donation of 43,000 reusable drinking items to Clean the World Foundation, a global leader in WASH (water, sanitization and hygiene) and sustainability. The donation comes as a result of Tupperware’s 2019 Buy One, Give One campaign held last month in the US and Canada in honor of World Water Day. From March…

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Tupperware Q3

Tupperware Brands Corporation today announced first quarter 2019 net sales of $487.3 million. Net sales were down 10 percent (2% local currency). Emerging markets, accounting for 69 percent of sales, were down 11 percent (down 3% local currency). The emerging market operating units with the most significant local currency sales growth in the first quarter were Argentina,…

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