“The strengths of that model became weaknesses, the company said in its Chapter 11 filing, saying it failed to develop a diverse sales strategy, including for online shoppers.”
“Tupperware said it would seek court approval to facilitate a sale and to keep operating during the bankruptcy case, which was filed in Delaware.”
“In stark contrast to the early days of the company, nearly everyone now knows what Tupperware is, but fewer people know where to find it.”
“The company said in its regulatory document that it had begun facing financial headwinds and declining sales in 2019.”
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