Tupperware Brands Corporation

  1. October 29, 2024

    Tupperware Cleared For Quick $87M Ch. 11 Sale To Lenders

    Bankrupt food storage product maker Tupperware Inc. received approval Tuesday for an $87.3 million sale of its assets to a group of secured lenders, with a Delaware bankruptcy judge saying the unusual circumstances justified the rapid consideration of the deal.

  2. October 28, 2024

    Ex-Judge Can't Shield Bank Docs; Tupperware Agrees To Sale

    Former Bankruptcy Judge David R. Jones lost a bid to shield his banking records from a U.S. Trustee's Office probe into his undisclosed romantic relationship with a onetime Jackson Walker LLP partner.

  3. October 22, 2024

    Tupperware Reaches Deal To Sell To Creditors In Ch. 11

    Bankrupt food storage product company Tupperware Inc. said Tuesday it had reached a deal with a group of secured creditors for an $87.3 million sale transaction that would resolve an ongoing issue wherein creditors were seeking conversion or dismissal of the Chapter 11 case.

  4. October 07, 2024

    Tupperware Delays Conversion Hearing For More Ch. 11 Talks

    Bankrupt food storage product maker Tupperware told a Delaware judge on Monday that it is engaged in discussions with an ad hoc group of lenders seeking dismissal or conversion of the company's Chapter 11 case, and pushed back a potentially case-ending hearing to continue those negotiations.

  5. October 01, 2024

    Tupperware's Crash Unseals Lenders' Foreclosure Dreams

    Iconic food storage product maker Tupperware Brands Corp. filed for Chapter 11 in mid-September with critically low liquidity, and now new lenders are eager to get the assets at a significant discount after their prepetition foreclosure attempt failed.

  6. September 25, 2024

    Tupperware OK'd To Temporarily Use Cash To Fund Ch. 11

    Iconic food storage and kitchenware brand Tupperware received a Delaware bankruptcy judge's signoff on Wednesday to use cash on hand to fund its operations and Chapter 11 case for the next two and a half weeks after the debtor and a group of secured lenders reached a bridge agreement to allow Tupperware to use cash collateral until mid-October.

  7. September 23, 2024

    Decline And Fall: Brand Empires That Hit Bankruptcy

    When food container maker Tupperware filed for Chapter 11 in Delaware last week, disclosing more than $1 billion in liabilities and plans for a quick sale, it became the latest iconic brand to seek relief from financial woes in bankruptcy court, following in the footsteps of giants from Rite Aid to RadioShack.

  8. September 20, 2024

    Meet The Attorneys In Tupperware's Ch. 11

    A team of attorneys from Cole Schotz PC and Kirkland & Ellis LLP is helping guide food storage company Tupperware through its Chapter 11 bankruptcy, in which it hopes to quickly find a buyer while fending off a dismissal motion from a group of lenders.

  9. September 19, 2024

    Tupperware Gears Up For Lender Fight Over Ch. 11 Plans

    Iconic food storage brand Tupperware received a Delaware bankruptcy judge's approval Thursday to keep its bank account systems operating as it prepares to fight off objections to most of its first-day motions next week from a group of secured lenders looking to dismiss its Chapter 11 bankruptcy and foreclose on its assets.

  10. September 18, 2024

    Tupperware Hits Ch. 11, 3rd Circ. Says Hertz Owes $270M

    This week saw a wave of new bankruptcy filings, including that of kitchen supply brand Tupperware, two restaurant chains based in Florida and a defunct California bank that catered to cryptocurrency users.