Tupperware lenders challenge bankruptcy filing

Tupperware has been struggling with weak sales for a number of years. (Image: Getty)

Fri, 20 Sep 2024

By Alicia McElhaneyTop lenders to Tupperware Brands are trying to prevent the homeware brand from using its bankruptcy to facilitate a speedy sale.Instead, the lenders said in court papers filed Thursday they want to force Tupperware to convert its chapter 11 case, which allows the company to reorganise, to a chapter 7 – also known as a liquidation bankruptcy – or to have the bankruptcy tossed altogether and to take control of the iconic food-storage company through an out-of-court foreclosure.The lenders, which include Stonehill Ca...

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