Loading...
Market
What will be Tupperware's total assets after bankruptcy proceedings by December 31, 2025?
2
Resolution / Starting Odds
Less than $500 million • 25%
$500 million to $1 billion • 25%
More than $1 billion • 25%
Undisclosed • 25%
Company financial statements, court documents, and reputable financial news outlets
Story
Tupperware Files for Chapter 11 Bankruptcy as Shares Plummet 57.5%
Sep 18, 2024, 08:03 AM
Tupperware Brands has filed for Chapter 11 bankruptcy after years of declining sales and increasing competition. The company, known for its iconic food storage containers, has been struggling with waning demand and mounting financial losses. Despite efforts to revive the business, including closing its only U.S. factory and moving production to Mexico, the company could not overcome its financial challenges. Tupperware listed assets between $500 million to $1 billion and liabilities of $1 billion to $10 billion. The company's shares plummeted 57.5% following the bankruptcy news. CEO Laurie Goldman cited the challenging macroeconomic environment as a significant factor. The company plans to continue operations during the bankruptcy proceedings and is seeking court approval for a sale.
View original story
Similar markets
Acquired by another company • 25%
Reorganizes and continues operations independently • 25%
Liquidates assets • 25%
Other • 25%
Acquired by another company • 25%
Reorganizes and continues independently • 25%
Liquidates assets and ceases operations • 25%
Other • 25%
Below $1 • 25%
Between $1 and $5 • 25%
Between $5 and $10 • 25%
Above $10 • 25%
Emerges successfully • 25%
Acquired by another company • 25%
Liquidates assets • 25%
Other • 25%
Reorganization and emergence from bankruptcy • 25%
Sale to another company • 25%
Liquidation of assets • 25%
Other • 25%
Company is sold • 25%
Company restructures and continues operations • 25%
Company liquidates assets • 25%
Other • 25%
Yes • 50%
No • 50%