The brand’s decline in popularity over recent years has been attributed to a lack of interest among younger and more sustainability-savvy consumers and competition from other homeware outlets such as Rubbermaid, Glad, Pyrex and Oxo.
Tupperware is reportedly seeking additional financing, and if it fails to secure the funding, it will be unable to continue its operations.
In a statement, CEO Miguel Fernandez said the business is currently reviewing its workforce and real estate portfolio to cut costs.
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