Tupperware’s future is something however sealed.
Driving the information: The corporate’s inventory closed down nearly 49% Monday to $1.24 following its announcement final week that it might exit of enterprise — its second “going concern” warning in lower than six months.
The most recent: The corporate has tapped funding financial institution Moelis & Co. and Chicago-based legislation agency Kirkland & Ellis to look into choices for its almost $700 million in long-term debt, in line with Bloomberg.
The massive image: The almost 80-year-old model has struggled to draw prospects amid its newest reinvention, which incorporates promoting merchandise by Amazon and Goal and increasing past containers to incorporate cooking devices.
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:format(jpeg)/cloudfront-us-east-1.images.arcpublishing.com/tgam/WZY34ACH3FDFHD3NYS3LRIB6AM.jpg "Opinion: Teck and Glencore dispute investor urge for food for coal")
