Tupperware is an American kitchen classic, but the brand recently warned it could soon be out of business. Here's why.
April 12, 2023, 12:23 PMTupperware products are offered for sale at a retail store on April 10, 2023 in Chicago, Illinois.classic, but the brand recently warned it could soon be out of business.
Tupperware said in the press release that it had discussed financing options with advisers to see if there's a way forward without losing the business. the company has "embarked on a journey to turn around our operations" and "is doing everything in its power to mitigate the impacts of recent events -- taking immediate action to seek additional financing and address our financial position."Scott Olson/Getty Imagesat H Squared Research, told "Good Morning America" it's not surprising that Tupperware is struggling.
Herzog compared Tupperware and its market share to other brands who have found more success in the reusables space.
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