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Tupperware, the household name synonymous with food storage containers, has filed for Chapter 11 bankruptcy as it grapples with ongoing financial difficulties. The iconic company, which rose to fame in the 1950s with its innovative Tupperware parties, announced its decision on Tuesday, citing challenges posed by the broader macroeconomic environment over the past several years.
In a statement, Tupperware’s CEO Laurie Ann Goldman explained that the bankruptcy filing is part of a broader strategy to help the company restructure its debts and pivot towards a more modern. . .
