Tupperware: Embattled food container firm files for bankruptcy
www.bbc.com
The US company says it will ask for court permission to start a sale process of the business.

US brand Tupperware has filed for bankruptcy as it struggles to survive in the face of sliding sales.

The food storage container firm said it will ask for court permission to start a sale of the business and that it aimed to continue operating.

The 78-year-old firm has become so synonymous with food storage that many people use its name when referring to any old plastic container.

Despite attempts to freshen up its products in recent years and reposition itself to a younger audience, it has failed to stand out from competitors.

  • @Seleni
    2•19 hours ago

    pyrex or PYREX? Because they changed for the worse too.

    As far as MLMs go, I’d say it depends on the focus. If the focus is selling the product, then it isn’t an MLM any more than Lyft is. If the focus is on creating a downline and forcing them to aggressively purchase from the company, with sales as a tacked-on fig leaf, then yeah, definitely an MLM.