The company has declared that it is seeking the assistance of financial experts to enhance its capital structure due to concerns about its ability to stay in business.
Tupperware overall has lost $35.7 million. The company also failed to file its annual report on schedule, which could have contributed to a breach of credit arrangements.
The company, which was founded in the 1940s by American entrepreneur Earl Tupper, saw a brief rise of popularity during the epidemic amid global lockdowns.
You might want to make sure your mother is in a perfectly good mood before breaking this news to her.
