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Tupperware Brands has agreed to a $23.5 million sale to a group of lenders, alongside over $63 million in debt relief, canceling its planned asset auction. The company, which filed for bankruptcy with $818 million in debt, will wind down operations in markets with heavy liabilities, as confirmed by CEO Laurie Ann Goldman. A court hearing will be scheduled to approve the sale, deemed the best outcome given the company's challenging situation.
Brendan Shannon
People
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Tupperware agrees to lender takeover amid bankruptcy and operational wind down
United States Dollar
Tupperware Brands Corporation
USA
Brendan Shannon
Spencer Winters
Laurie Ann Goldman
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17:18 23.10.2024
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