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DeepNewz, mobile.
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Tupperware, an iconic brand known for its plastic food containers, is facing severe financial challenges. The company has warned of potential bankruptcy due to liquidity problems and a significant drop in demand for its products. Tupperware has delayed filing its annual results, citing an accountant shortage and uncertainty about its future. With around 11,000 employees, the company's survival is in question.
Bleecker Street is short Sealed Air $SEE SEE’s thin-film plastics business is under fire from regulators SEE’s packaging business is already in substantial decline, Amazon is moving away from its products SEE’s food business is 65% of revenue will face a similar fate…
Sadly, I dont think there's any way out for equity on Tupperware this time around.
🇺🇸 Tupperware flags accounting strains in late 10-K notice https://t.co/r5xJ9lOwFJ
