Is Tupperware Going Out Of Business 2024?

About Tupperware

Tupperware was founded in 1942 by Earl Tupper. He stumbled upon a plastic manufacturing company during Great Depression.

About Tupperware

Earl experimented and came up with the first set of Tupperware from polythylene. The first product of Tupperware "Super Bowl" was introduced to the public in 1946.

Tupperware Parties

Tupperware started with low sales. Howevevr, a women named Brownie Wise of Florida began to host patio parties and sell Tupperware products.

Tupperware Parties

Soon the success of sales made Brownie the Marketing President Of the Company. While Earl Tupper focused on manufacturing the products.

The Reason Of Downfall

Tupperware  also got hit by the pandemic. The sales of the company went down by 18% to over $1.3 billion.

The Reason Of Downfall

As a result the company annoiced that it doesn't have enough cash for it operations. However, it managed to extend the deadline to pay back th remaining $348 million in debt to its creditors.

Networth Of Tupperware

Tupperware has a net worth or market capitalization of $89.71 million which decreased by -71.63% in one year.

Is Tupperware Going Out Of Business?

Tupperware is a company which is standing strong since 1942. However, the company is struggling to stay afloat.