Tupperware Files for Bankruptcy
This is a news story, published by CBS News, that relates primarily to Tuppersware news.
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advance TupperwareCBS News
•Tupperware files for bankruptcy amid slumping sales
79% Informative
Tupperware and some of its subsidiaries file for Chapter 11 bankruptcy protection.
The company says it will seek court approval for a sale process to protect its brand.
The once-iconic food container maker has suffered from dwindling sales following the Great Depression .
A rise in costs of raw materials and shipping, along with higher wages, also hurt Tuppersware 's bottom line.
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