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Tupperware Faces Precarious Financial Position: Stock Falls by 50% Amidst Bankruptcy Rumors


Tupperware, the iconic kitchenware company known for its plastic containers and sales parties, has hit a significant rough patch.[0] Amidst swirling bankruptcy rumors, the company’s stock plummeted by a staggering 50% on Monday. The company’s unstable financial situation was highlighted in a regulatory filing, prompting doubts about its capability to sustain operations.[1] Even though Tupperware has attempted to improve its reputation, it is currently facing the possible ramifications of its financial difficulties.[1]

According to the filing, the New York Stock Exchange warned Tupperware’s stock could be delisted due to the company’s failure to file an annual report for 2022.[2] The report may be coming in the next 30 days, but the company offered “no assurance” it could meet the required deadlines.[3] In order to secure more funds, Tupperware is exploring the possibility of selling its property and then leasing it back.[4] The company is “exploring right-sizing efforts, monetization of fixed assets, cash management, and marketing and channel optimization, to preserve and delivery additional liquidity.”[5]

Tupperware is working with Moelis & Co. and Kirkland & Ellis to explore options for its nearly $700 million in long-term debt.[6] According to the company, measures are being taken to enhance its liquidity status, which involves engaging in talks with potential investors or financing associates.[6] The company is examining its real estate holdings to identify potential areas for consolidation and generate additional cash reserves.[7]

GlobalData retail analyst and managing director Neil Saunders said Tupperware was in a “precarious position” financially and blamed its woes on a “sharp decline in the number of sellers, a consumer pullback on home products” and its failure to connect with younger consumers.[8] Tupperware has been attempting to reposition itself to a younger audience, but its sales continue to slide.[9]

Tupperware experienced a sizzling run-up during the first year of the COVID pandemic, almost tripling in 2020 as the lockdown boosted kitchenware sales.[7] Since then, it has experienced difficult times.[7] The company declared a going-concern regarding its future and disclosed unsatisfactory earnings in November, which resulted in a drop in share prices.[7] The hiring of advisers by the renowned brand has added to the unease of investors.[7]

For many years, Tupperware has been a well-known brand in households due to its long-lasting and multipurpose plastic containers, which were first introduced in 1946.[1] In recent times, the organization has faced difficulties in shedding its traditional reputation and luring a youthful and eco-conscious customer base.[1] Despite CEO Miguel Fernandez’s efforts to modernize and rebrand Tupperware, the company has not yet seen the desired results.[1]

Investors have sued Tupperware for allegedly concealing significant problems in its financial disclosures.[10] The company’s shares plunged 50% after its securities filing, sinking to $1.22 a share. This year, its stock has decreased by 70%.[11]

Despite the challenges, Tupperware’s leadership remains optimistic. “Tupperware has embarked on a journey to turn around our operations, and today marks a critical step in addressing our capital and liquidity position,” said Fernandez.[12] “The company is doing everything in its power to mitigate the impacts of recent events, and we are taking immediate action to seek additional financing and address our financial position.[13]

0. “Tupperware warns it could go out of business soon” Orlando Sentinel, 10 Apr. 2023,

1. “Tupperware Turmoil: Iconic Brand at RISK, Stock TANKS. Bankruptcy abounds!” iHeart, 10 Apr. 2023,

2. “Tupperware stock plunges after warning it could go out of business” KABC-TV, 11 Apr. 2023,

3. “Iconic U.S. company Tupperware warns it may shut down”, 11 Apr. 2023,

4. “The party might be over for Tupperware” Morning Brew, 10 Apr. 2023,

5. “Tupperware in financial trouble; investors issue warning” Plastics News, 10 Apr. 2023,

6. “Tupperware Slumps After Hiring Advisers to Address Concerns About Its Viability” Yahoo Finance, 10 Apr. 2023,

7. “Tupperware slumps after hiring advisers to address viability concerns” Detroit News, 10 Apr. 2023,

8. “Iconic 77-year-old brand on brink of collapse”, 11 Apr. 2023,

9. “Tupperware shares plunge as it warns of possible collapse” BBC, 11 Apr. 2023,

10. “Tupperware’s future uncertain as company warns it could go out of business” WFTV Orlando, 11 Apr. 2023,

11. “Tupperware stock plummets after warning it may go out of business” CBS News, 10 Apr. 2023,

12. “Tupperware: Iconic kitchen brand on brink of collapse” Yahoo Finance Australia, 11 Apr. 2023,

13. “Tupperware May Have a Short Shelf Life” The Motley Fool, 11 Apr. 2023,

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