AMERICAS DISTRESS DAILY: Tupperware Prepares for Bankruptcy

Tupperware Brands is preparing to file for bankruptcy as soon as this week, according to people with knowledge of the plans, following a years-long effort to revive the business amid waning demand.

The company’s shares fell 58% on Monday in New York.

In Other News:

• Distressed cement maker InterCement Participacoes SA reached an agreement with some of its creditors to begin an out-of-court restructuring.
• Avolon Holdings agreed to buy a Castlelake LP aircraft leasing unit for an undisclosed sum, in a deal that will add 118 jets to the Irish leasing firm’s portfolio.
• Seafood chain Red Lobster said it exited ...