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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