Tupperware Brands Corporation has entered into a definitive agreement to sell its Nutrimetics beauty business, operating in Australia, New Zealand and France, as part of its turnaround plan. This agreement follows the sale of other non-core assets like Avroy Shlain beauty business in South Africa in 2021 and House of Fuller beauty business in Mexico this year.
“We are pleased to have reached [an] agreement to sell our Nutrimetics beauty business,” said Miguel Fernandez, President and Chief Executive Officer of Tupperware Brands. “We remain focused on executing on our turnaround plan, and the sale of our non-core assets, including Nutrimetics, aligns with this strategy by enabling the company to increasingly focus on growing our core Tupperware brand. Our goal remains unchanged: to restore this iconic brand to sustained growth and deliver increased value to all stakeholders. This transaction represents yet another milestone along that path.”