Tupperware files for bankruptcy protection as demand slumps for its colorful containers

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Tupperware files for bankruptcy protection as demand slumps for its colorful containers
TupperwareBankruptcyChapter 11
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Despite some stressful moments, Speed appeared to have fun during his time in town.

TUPPERWARE Brands and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, succumbing to declining demand for its once-popular colorful food storage containers and ballooning losses.

In August, Tupperware had raised substantial doubt about its ability to continue as a going concern for the fourth time since November 2022 and said it faced a liquidity crunch.

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Tupperware Bankruptcy Chapter 11 Debt

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