Tupperware shares fell nearly 40% in early trading following a bleak warning that its future is looking murky.
late Friday, the container maker said there's "substantial doubt about the company's ability to continue as a going concern," and that it's working with financial advisers to find financing to stay afloat.
The New York Stock Exchange also warned that Tupperware's stock is in danger of being delisted for not filing a required annual report. The 77-year-old business has been struggling in recent years to maintain its relevance against rivals. It has been trying to shed its staid image and attract younger customers with newer and trendier products.
"The company used to be a hotbed of innovation with problem-solving kitchen gadgets, but it has really lost its edge," he said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ranking the best players in the Devils’ 40-year history: No. 16-40In recognition of the Devils’ 40th anniversary season, The Post selects the top 40 players in franchise history.
Leer más »
Micron, Tesla, Apple, Tupperware and other stocks on the moveTupperware, Micron Technology and Pioneer Resources were among the biggest moving shares on Monday.
Leer más »
Tupperware’s stock craters after food-storage company warns it may go bustTupperware Brands Corp.'s stock slid 45% Monday to the lowest level in three years.
Leer más »
Tupperware stock plunges after warning it could go out of business | CNN BusinessThe 77-year-old company planned to grow its business through multiple retail channels -- like Target -- and get its products in front of younger consumers who’ve never even heard of Tupperware parties. That has failed to work so far.
Leer más »
Police: 40-year-old man fatally shot in driveway in Cleveland’s Broadway Slavic Village neighborhoodA 40-year-old man was shot to death in a driveway in Cleveland Friday night.
Leer más »
The Motorola Razr 40 Ultra tipped to have the largest external display on a clamshell flipperThe new Motorola Razr 40 Ultra will reportedly feature the largest external display on any 2023 clamshell flipper with a screen size as large as 4.5 inches.
Leer más »