Business News
Tupperware says it may go out of business
Tupperware may go out of business, the company warns
04:34
Tupperware is warning it may go out of business, just three years after the retro brand enjoyed a surprise surge from legions of pandemic shut-ins trying their hands at cooking.
The Orlando-based company said it had “substantial doubt about its ability to continue as a going concern” in a press release and filing securities.
Shares of the direct marketing company plunged 50% after the announcement late Friday. Tupperware’s stock was trading at about $1.28 a share Tuesday, down 70% since the start…