Orlando
Food container specialist Tupperware has filed for bankruptcy in the United States after years of trouble. At the same time, the company is aiming for a sale and wants to continue working. The process under Chapter 11 of the U.S. Bankruptcy Code protects the company from claims by creditors.
Tupperware, a pioneer in the household food container industry, has been struggling financially for some time. In recent months, Tupperware has been in talks with lenders to whom it owes hundreds of millions of dollars.
Now, brands must be protected through sales, the statement said, while also driving the shift to a technology-driven company.
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