Tupperware stock plunges after warning it could go out of business

[SBFNews]

Tupperware stock plunges after warning it could go out of business​

By Jordan Valinsky, CNN
Updated 3:25 PM EDT, Mon April 10, 2023

New York
CNN
—
Tupperware shares fell nearly 50% Monday following a bleak warning that its future is looking murky.

In a regulatory filing late Friday, the container maker said there’s “substantial doubt about the company’s ability to continue as a going concern,” and that it’s working with financial advisers to find financing to stay afloat.

Tupperware said it won’t have enough cash to fund its operations if it doesn’t secure additional money. The company said it is exploring potential layoffs, and it’s reviewing its real estate portfolio for potential money-saving efforts.

The New York Stock Exchange also warned that Tupperware’s stock is in danger of being de-listed for not filing a required annual report.


https://edition.cnn.com/2023/04/10/investin...uble/index.html

 

[blackmondy]

Any old bird still remember those Tupperware parties organized by aunties?

 

[Pinkieslut]

AMDKs going bankrupt. To switch off. PaP is right might continue to upgrade upskill cheaper betterer bestest!

 

[CoffeeAhSoh]

Any old birds still remember those Tupperware parties organized by aunties?

Tupperware is a company that is well-known for its innovative food storage containers, which are made from durable, high-quality plastic and feature airtight seals that help to keep food fresh for longer periods of time. The company was founded in 1946 by Earl Tupper, a Massachusetts inventor who had been experimenting with new types of plastics that could be used in household products.

Tupper's breakthrough came when he developed a line of plastic containers with a unique, airtight seal that helped to preserve the freshness of food. The containers were an instant hit with consumers, and Tupperware quickly became one of the most popular and successful brands in the food storage industry.

One of the keys to Tupperware's success was its innovative sales strategy. In the early years, the company relied on a network of independent salespeople who hosted Tupperware parties in their homes, where they demonstrated the benefits of Tupperware containers and took orders from interested customers. This approach proved to be highly effective, as it allowed the company to build a loyal customer base and generate significant sales revenue without the need for expensive advertising campaigns.

Over the years, Tupperware continued to innovate and expand its product line, introducing new container shapes, sizes, and colors to meet the changing needs of consumers. The company also began to diversify its offerings, branching out into other kitchen and household products such as cookware, cutlery, and cleaning supplies.

Today, Tupperware is a global brand with a presence in more than 100 countries around the world. While the company has faced some challenges in recent years, including increased competition from other food storage brands and the shift towards online shopping, it remains a popular and well-respected name in the kitchen and household products industry.

 

[CoffeeAhSoh]

 

[blackmondy]

Tupperware is a company that is well-known for its innovative food storage containers, which are made from durable, high-quality plastic and feature airtight seals that help to keep food fresh for longer periods of time. The company was founded in 1946 by Earl Tupper, a Massachusetts inventor who had been experimenting with new types of plastics that could be used in household products.

Tupper's breakthrough came when he developed a line of plastic containers with a unique, airtight seal that helped to preserve the freshness of food. The containers were an instant hit with consumers, and Tupperware quickly became one of the most popular and successful brands in the food storage industry.

One of the keys to Tupperware's success was its innovative sales strategy. In the early years, the company relied on a network of independent salespeople who hosted Tupperware parties in their homes, where they demonstrated the benefits of Tupperware containers and took orders from interested customers. This approach proved to be highly effective, as it allowed the company to build a loyal customer base and generate significant sales revenue without the need for expensive advertising campaigns.

Over the years, Tupperware continued to innovate and expand its product line, introducing new container shapes, sizes, and colors to meet the changing needs of consumers. The company also began to diversify its offerings, branching out into other kitchen and household products such as cookware, cutlery, and cleaning supplies.

Today, Tupperware is a global brand with a presence in more than 100 countries around the world. While the company has faced some challenges in recent years, including increased competition from other food storage brands and the shift towards online shopping, it remains a popular and well-respected name in the kitchen and household products industry.

Ah Soh you competing with ChatGPT izzit ?

 

[CoffeeAhSoh]

Ah Soh you competing with ChatGPT izzit ?

Ah Soh here lao liao memory no good .
Needs ChatGPT to recollect those good old kampung days

 

[blackmondy]

Ah Soh here lao liao memory no good .
Needs ChatGPT to recollect those good old kampung days

Ah Soh should drink more papaya milkshake. Can strengthen both your memory and your mammaries.

 

[eatshitndie]

they needed to go into glassware decades ago but took too long. by then competitors have taken over. younger customers prefer glassware for their food containers as they’ve been psyched about the destructiveness (to the environment) of micro-plastics. so everytime they think of plastics they think of tupperware, and vice versa. in sg, if they rebrand themselves as tarpau ware for the likes of johntan and his followers and minions perhaps it may work.

 

[Loofydralb]

Tupperware should diversify into underwear, bras, lingerie.
Housewives would go nuts having these parties with catchy phrases like,
These Cups Hold them Airtight!

 

[KuanTi01]

Any old bird still remember those Tupperware parties organized by aunties?

Organised by aunties but attended by lao uncles as well. So nostalgic!