Shares in US firm famed for its plastic containers have fallen almost 50% this week amid fears for its future

Tupperware, the 77-year-old company famed for its airtight food containers, has warned it could go bust if it cannot raise emergency funds to stay afloat.

Shares in the US company, which became famous in the 1950s and 1960s when agents held “Tupperware parties” to sell the plastic containers to friends and families, crashed almost 50% this week after a warning to investors that there was “substantial doubt about the company’s ability to continue as a going concern”.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

‘It’s been awful’: teachers at English secondary schools on the first week back

Pupils not wearing masks is a major worry, as is a very…

2023 Acura Integra Prototype

Acura Integra

Telegraph parent company faces being put into administration

Speculation revived about ownership of media group as talks with Lloyds over…

A guide to the best … buttoned dresses

A new column offering alternative ways to shop. This week, the classic…