Tupperware Brands has filed for Chapter 11 bankruptcy protection. The company that revolutionized food storage decades ago says it plans to continue operating and will seek court approval for a sale.

Well, sorry to be the bearer of bad news, but Tupperware has filed for bankruptcy. The NYT reports the iconic brand, which was started in the 1940s, has been struggling to adjust to the times. For example, Tupperware didn't start selling in stores like Amazon or Target until 2022!

Consumer products company Tupperware (NYSE:TUP) and certain of its subsidiaries have voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. Tupperware (TUP) will seek court approval to continue operating during the proceedings and to facilitate a sale process for the business to protect its

Tupperware's lenders opposed the food storage and kitchen products company's proposed bankruptcy auction during the company's first court appearance, cutting off its access to cash and threatening to derail the company's bankruptcy plans.

Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection.

Tupperware — the company that sells those nostalgic, lidded plastic containers from your youth — is trying to file for bankruptcy after years of financial ups and downs.

The homeware brand synonymous with cold leftovers has faced declining sales and aims to sell itself out of chapter 11.

Tupperware Brands filed for bankruptcy protection in Delaware late on Tuesday, succumbing to mounting losses due to poor demand for its once popular colorful food storage containers. Its popularity ex