Tupperware gets court approval for lender sale By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2024
0mins
Source: Investing.com
Tupperware's Bankruptcy Exit: A U.S. bankruptcy judge approved Tupperware Brands' plan to sell its assets to lenders, allowing the company to exit bankruptcy with most operations intact after struggling to find a buyer for its $818 million debt.
Future Business Model: Post-bankruptcy, Tupperware will focus on a "digital-first, technology-led and asset-light" business model while winding down operations in certain markets, retaining its brand name and key assets in several countries.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
