Tupperware’s future in doubt amid weak financial position

IS the Tupperware era ending? The 77-year-old US company, known for its trademark plastic food storage containers, warned of “substantial doubt” about its ability to keep operating in light of its poor financial position, according to a recent regulatory filing.

When the market opened on Monday following its April 7 disclosure, shares of the company plunged 50% and lingered at the depressed level in successive days.