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Every kitchen boasts of Tupperware’s airtight plastic containers. But not for long. The over-70-year-old US company is on the verge of going under owing to falling sales. What went wrong with this household brand?
Shares of NYSE-listed Tupperware Brands Corporation have fallen sharply after the development. The stock slumped by nearly 49 per cent on Monday to a three-year low level of $1.24.
Tupperware was once famous for its
Tupperware announced that it may not have adequate liquidity in the near term and that there was
Tupperware issued a grim warning in a filing about the health of the iconic food storage container company. Its shares plummeted by 50 per cent.