Tupperware

American home products line

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November 2024 Party Products LLC, a company formed by TBC secured lenders, completed the purchase of the Tupperware brand and certain related operations.
October 22 2024 Signed a deal with lenders for $23.5 million cash and $63 million debt relief in the United States District Court for the District of Delaware bankruptcy court.
September 18 2024 Filed for Chapter 11 bankruptcy protection with plans to continue operating.
September 18 2024 Tupperware Brands officially filed for Chapter 11 bankruptcy protection, planning to continue operations during proceedings.
September 16 2024 Announced preparation to file for Chapter 11 bankruptcy protection, with stock falling nearly 60%.
September 16 2024 Tupperware Brands Corp. prepared to file for Chapter 11 bankruptcy protection, with stock falling nearly 60%.
June 14 2024 Announced closure of last US manufacturing plant in Hemingway, South Carolina, with production to shift to Lerma, Mexico by January 2025.
October 14 2023 Laurie Ann Goldman became CEO and board director, bringing leadership experience from Spanx, Avon, and Guess.
June 1 2023 Tupperware stopped supplying independent sales force in the UK and Ireland, shifting to online and TV channel sales.
May 2023 Tupperware signed Moelis & Co. to explore strategic options and address financial inconsistencies.
April 11 2023 Tupperware's stock value plummeted to $1.30 after warning of substantial doubt about the company's ability to continue operations.
November 2 2022 After publishing quarterly results, Tupperware warned about potential inability to continue as a going concern, causing its stock to drop over 40%.
August 2022 Tupperware announced it would be leaving the New Zealand market by late 2022.
March 2021 Tupperware closed down operations in the Netherlands.
December 2020 Tupperware Israel relaunched as an online shop.
2018 Tupperware released statistics revealing that 94% of its active distributors remained at the lowest level of the marketing pyramid, with average gross earnings of $653.
May 2018 TheMarker reported that Tupperware would withdraw from Israel, leaving 2,000 sales agents without jobs.
2013 Indonesia became the top marketplace for Tupperware, surpassing Germany, with sales exceeding $200 million.
June 2011 Tupperware relaunched in the UK and recruited local staff, but the relaunch was ultimately canceled in December.

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