Loading...
Market
What strategic direction will Tupperware take by December 31, 2024?
2
Resolution / Starting Odds
Focus on direct sales • 25%
Expand retail presence • 25%
Diversify product line • 25%
Other • 25%
Official announcements from Tupperware, business strategy reports
Story
Bankrupt Tupperware Agrees to $23.5M Lender Takeover, $63M Debt Relief, Cancels Auction
Oct 22, 2024, 07:25 PM
Bankrupt Tupperware Brands has agreed to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief. This decision cancels the company's plans for an open-market auction of its assets. The agreement, reached on Tuesday, comes after Tupperware filed for bankruptcy protection last month with $818 million in debt and a plan to find a buyer within 30 days. The deal ends a monthlong dispute that risked the liquidation of the iconic company. A judge's intervention helped Tupperware avoid liquidation.
View original story
Similar markets
Increases • 25%
Decreases • 25%
Remains the same • 25%
Other • 25%
Laurie Ann Goldman remains CEO • 25%
New CEO from within the company • 25%
New CEO from outside the company • 25%
Interim CEO appointed • 25%
Increases by more than 50% • 25%
Increases by less than 50% • 25%
Decreases by less than 50% • 25%
Decreases by more than 50% • 25%
Below $100 million • 25%
$100 million to $500 million • 25%
$500 million to $1 billion • 25%
Above $1 billion • 25%
Internal promotion • 25%
External hire • 25%
Interim CEO remains permanent • 25%
No new CEO appointed • 25%
$0.50 to $0.99 • 25%
Below $0.50 • 25%
$1.00 to $1.99 • 25%
$2.00 or higher • 25%
Below $1 • 25%
$1 to $5 • 25%
$5 to $10 • 25%
Above $10 • 25%
Acquired by another company • 25%
Reorganizes and continues operations independently • 25%
Liquidates assets • 25%
Other • 25%