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

The company's bankruptcy filing, though, faces opposition from Tupperware's new lenders, who want the petition dismissed or converted it to a Chapter 7 case, which would liquidate the company. Alternatively, they’re asking the court for permission to take action against the company, which could allow them to collect debt they’re owed.

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!

Tupperware is best known for its once-iconic, colorful food storage containers. Here's what we know so far after the company filed for bankruptcy.

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

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

The iconic food-storage company has voluntarily initiated chapter 11 proceedings and will seek court approval to continue operating and facilitate a sale process.