Tupperware on the Brink: Iconic Brand Teeters on Edge of Bankruptcy Amid Crushing 25 Billion Baht Debt Crisis

‘Tupperware’, famous food packaging company Prepares to file for bankruptcy After encountering a debt crisis of 25 billion baht

Reuters It was reported, according to a report by Bloomberg on September 16, that it was revealed Tupperware Famous plastic lunchbox manufacturing company Prepares to file for bankruptcy this week After facing a debt crisis of more than 25,000 million baht

According to news sources, The company’s share price fell 15.8% to 43 cents after the market closed, down as much as 57%.

The Tupperware company was founded by pharmacist Earl Tupper in 1946 and gained enormous popularity in the 1950s, when women organized in the post-war period. “Tupperware parties” at home to sell food containers and create power Express your independence

Previously, during the outbreak of COVID-19 the company’s sales increased. Because people have to be quarantined in their homes. and have to stockpile food to eat But after the world returns to normal Sales in the last quarter have continued to fall.

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however Bloomberg news agency Tupperware is reportedly preparing to file for bankruptcy. This comes after long discussions between Tupperware and lenders about how to manage a debt worth more than 700 million US dollars, or about 23,260 million baht.

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This past March the company revealed that The company is facing liquidity problems. Not sure if the business will be able to continue? Then in June The company plans to close its only factory in the United States. and sacked almost 150 workers.