Tupperware Brands Corporation (NYSE: TUP) today announced that its Board of Directors has appointed Miguel Fernandez as president and chief executive officer, effective April 6, 2020. The Board also has appointed Richard (“Rich”) Goudis as executive vice chairman, effective March 12, 2020. Goudis is the former chief executive officer of Herbalife Nutrition Ltd. “The Board is…

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Direct Selling News has been talking a lot lately about how our channel needs to evolve and come in line with the current consumer landscape. In a recent article posted, the Wall Street Journal shone a light on Tupperware’s struggle to attract customers as well as its Feb. 24 announcement that its annual report would…

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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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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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