77-year-old Tupperware Brands warns of potential insolvency due to liquidity issues and delayed 10-K filing.

77-year-old Tupperware Brands warns it may not survive the next year due to liquidity issues. The company has reported insufficient cash flow to finance operations, as mentioned in a filing with the SEC on Friday. Sales have declined in recent quarters, and the company is currently delayed in filing its 10-K report for FY 2023, citing internal control over financial reporting, financial challenges, and significant depreciation. Tupperware has since hired a new CEO, Laurie Ann Goldman, an industry veteran, and has also engaged investment bank Moelis & Co LLC to explore strategic alternatives.

March 29, 2024
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