30/10/2024  Tupperware gets court approval for lender sale

Business


A U.S. bankruptcy judge on Tuesday approved Tupperware Brands' (TUPBQ.PK) proposal to sell its assets to its lenders, clearing the company to exit bankruptcy with most of its operations intact.

U.S. Bankruptcy Judge Brendan Shannon approved the sale at a court hearing in Wilmington, Delaware, saying it was the best available option for Tupperware.
The food storage and kitchen products company had tried to find a buyer for months before its bankruptcy filing, but none were willing to pay off the company's $818 million in debt, Tupperware attorney Spencer Winters said at the hearing.



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