Tupperware Brands is pursuing investors to keep it afloat and is in danger of being delisted by the New York Stock Exchange.
abc.net.au/news/tupperware-brands-risk-stock-exchange-delisting/102211970Tupperware Brands, which experienced a resurgence during the pandemic, is now pursuing investors to keep it afloat and is in danger of being delisted by the New York Stock Exchange.Despite the pandemic breathing new life into the company, shares have been falling
Sales and profits have steadily fallen the past couple of years after the pandemic breathed new life into the Orlando, Florida-based maker of food storage containers. The company last week received a non-compliance notice from the NYSE for failing to file its annual results with the Securities and Exchange Commission.
Analysts say that creditors could potentially call Tupperware on its debt, which the company is unlikely to be able to repay.
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