Tupperware Files for Bankruptcy, Seeks to Sell Business (1)

Tupperware Brands files for Chapter 11 bankruptcy protection in Delaware, according to a court filing.

• Estimated liabilities: $1b-$10b; estimated assets: $500m-$1b
• Tupperware will seek court approval to facilitate a sale process for the business, according to a separate statement
  • Will also seek court approval to continue operating during the proceedings
• NOTE: Tupperware Brands Plans Bankruptcy as Revival Efforts Falter

(Updates with co.’s plans to seek court approvals.)

To contact the reporter on this story:
Nurin Sofia in Singapore at nsofia@bloomberg.net

To contact the editors responsible for this story:
Michael Sin at msin12@bloomberg.net

Janine Phakdeetham, Natalie Choy

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