Known throughout the world, it Tupperware, the maker of reusable plastic containers, is on the verge of declaring bankruptcy. According to Bloomberg, the announcement could come as early as this week.
The company had to file for court protection after breaching the terms of its debt with creditors. According to Bloomberg, the intention to file for bankruptcy is still subject to change and the company did not comment on the statement.
Last year, CEO Miguel Fernandez and several board members were replaced during a restructuring process. Laurie Ann Goldman was announced as the new CEO.
Tupperware Vem trying to control and renegotiate its debts of more than US$700 million (R$3.8 billion). An agreement has been reached, but has not yet been fulfilled.
