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Tupperware’s popularity has plummeted in recent years, as the company has struggled to adapt to changing consumer tastes.
Chapter 11
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Tupperware Brands, headquartered in Orlando, Florida, has filed for Chapter 11 bankruptcy protection.
78 years of history
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This decision marks a turning point in the company’s 78-year history.
Changing tastes
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Tupperware’s popularity has plummeted in recent years, as the company has struggled to adapt to changing consumer tastes…
Other solutions
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…particularly among young people, who prefer more ecological storage solutions.
Competition
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In addition, it is also struggling to cope with competition offering more affordable prices.
Staying in business
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The famous cookware company has announced its intention to continue its activities during the bankruptcy proceedings.
Authorization to sell
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Tupperware has asked the court for permission to sell the company to protect the brand while it overcomes its financial difficulties.
Across the world
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This company, which once revolutionized food preservation and is present in 70 countries worldwide, became famous for its direct sales system and Tupperware parties organized by salespeople.
Uncertainty
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However, this situation leaves many customers and sales reps in a state of uncertainty, even though Tupperware representatives are trying to reassure that they will do everything in their power to save the brand.