Tupperware Files for Bankruptcy After Struggling With Declining Sales

The maker of the iconic food storage containers reported $705.4 million in total debt in 2022.
Tupperware Files for Bankruptcy After Struggling With Declining Sales
Tupperware products are seen on the shelves at a Target store in San Bruno, Calif., on June 19, 2003. Justin Sullivan/Getty Images
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The iconic kitchen brand Tupperware and some of its subsidiaries have filed for Chapter 11 bankruptcy in the United States, as the company struggles to stay afloat amid declining sales of its products.

The Orlando-based company said on Sept. 17 that it will seek court approval to initiate a sale process for the business and to continue operations during the bankruptcy proceedings.