Tupperware Officially Filed for Bankruptcy Here’s What to Know [Video]

Tupperware has officially filed for bankruptcy. 

On Tuesday, the food container giant, which brought financial independence to women across the U.S. in the mid-20th century thanks to their at-home sales parties, announced that it voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. 

“Whether you are a dedicated member of our Tupperware team, sell, cook with, or simply love our Tupperware products, you are a part of our Tupperware family. We plan to continue serving our valued customers with the high-quality products they love and trust throughout this process,” Laurie Ann Goldman, the president and chief executive officer of Tupperware, shared in a statement.

“Over the last several years, the company’s financial position has been severely impacted by the challenging macroeconomic environment. As a result, we explored numerous strategic options and determined this is the best path forward,” she continued. “This process is meant to provide us with essential flexibility …