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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Chris O'Leary

Tupperware Brands Corporation recently announced the appointment of Cassandra “Sandra” Harris as executive vice president and chief financial officer effective April 1, 2019. Harris succeeds Michael Poteshman, who recently announced his retirement after a 25-year career with the Company. He will remain until March 31, 2019, and provide consulting services through September 30, 2019, to ensure an orderly transition. “We…

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Retailers using a business model similar to Tupperware parties or Avon’s door-to-door selling are expected to see strong growth in the UK this year. According to a story in the Retail Gazette, an independently sourced news organization covering the UK’s diverse retail industry, the UK Direct Selling Association (DSA) said it expected to see strong growth within the…

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Tupperware Brands Corporation recently announced that Dr. Denise Poiani Delboni of Brazil is the next scholar to be selected to its cross-cultural exchange program Global Links. The program, co-founded with the Crummer Graduate School of Business at Rollins College and supported by U.S. Department of State’s Office of Global Women’s Issues, is designed to build capacity for women’s social…

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