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Market
Will Tupperware successfully emerge from Chapter 11 bankruptcy by end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official court documents and company announcements
Story
Tupperware Files for Bankruptcy Amid $700M Debt, 57.5% Share Drop
Sep 18, 2024, 08:40 AM
Tupperware Brands has filed for Chapter 11 bankruptcy following years of declining sales and increasing competition. The company, known for its iconic plastic food storage containers, has struggled with a significant debt burden, listing liabilities between $1 billion and $10 billion and assets between $500 million and $1 billion. The decision comes after a failed turnaround effort and waning demand for its products. Tupperware's debt includes $700 million, and its shares dropped 57.5% recently. CEO Laurie Ann Goldman stated that the company has been severely impacted by the challenging macroeconomic environment. Tupperware plans to continue operations during the bankruptcy proceedings and will seek court approval for a sale.
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Similar markets
Emerges successfully • 25%
Acquired by another company • 25%
Liquidates assets • 25%
Other • 25%
Company is sold • 25%
Company restructures and continues operations • 25%
Company liquidates assets • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
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%
Company is sold • 25%
Company is restructured and continues operations independently • 25%
Company is liquidated • 25%
Other • 25%