Tupperware warns it may close, stock price continues to fall

Tupperware has warned it could go bankrupt as stock prices continue to fall for the company known for its kitchen and storage containers.

Founded in 1946, the company said there was “substantial doubt about the ability of the business to continue as a going concern” in a regulatory filing filed last Fridayadding that Tupperware has engaged with financial advisers to find financing to keep the business going.

Concerns about Tupperware came after the New York Stock Exchange warned that the company’s stock could be delisted because it failed to file an annual report for 2022. While Tupperware said it planned to file a report within the next 30 days, he added “there can be no assurance” that it “will be filed then”.

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