Famously useful brand publicizes doubts about its business continuing
Guard your leftovers while you still can. The world-famous Tupperware brand, headquartered in Orlando, placed a regulatory filing April 7 that detailed company uncertainty moving forward due to dropping stock prices and other issues, USA Today reported April 10.
Founded in 1946, the company famous for its kitchen and storage containers said there is "substantial doubt about the company's ability to continue as a going concern" in a regulatory filing filed last Friday, adding Tupperware has engaged with financial advisors to find financing to keep the company in business.
Concerns for the brand stem from a New York Stock Exchange warning that the company's stock could be de-listed because it didn't file an annual report for 2022. While Tupperware said it plans to file a report within the next 30 days, it added "there can be no assurance" it "will be filed at such time," according to USA Today.
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