Food container firm affected by ‘challenging macroeconomic environment’
Business live – latest updates
Tupperware, the lossmaking 78-year-old American plastic food container brand, has filed for bankruptcy and is on the hunt for new owners as it attempts to lure younger customers.
The company, which was founded by the chemist Earl Tupper in 1946 and became known for its patented “burping” seal, has started US chapter 11 bankruptcy proceedings as bosses said that its finances had been “severely impacted” by the economic environment.
About Author
More Stories
Xi Jinping tells Alibaba’s Jack Ma and Chinese tech chiefs to ‘show their talent’
‘I felt nothing but disgust’: Tesla owners vent their anger at Elon Musk
Nigeria sues crypto giant Binance for $81.5bn in economic losses and back tax