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Tupperware cancels auction
'A new day': Tupperware cancels asset auction, agrees to lender takeover
Tupperware agreed to sell its business to a group of lenders on Tuesday in an attempt to recover after filing for bankruptcy last month.
Tupperware agrees sale to lender group, cancelling planned auction
Bankrupt Tupperware Brands agreed yesterday to sell its business to a group of lenders for $23.5m (€21.7m) in cash and over $63m (€58m) in debt relief, cancelling its plans for an open-market auction of its assets.
Tupperware Lenders Challenge Bankruptcy Sale Procedure Efforts
A group of Tupperware Brands Corp. lenders objected to its latest proposal to solicit bids, saying the fallen food container-maker is trying to strip secured lenders of their right to credit bid.
Tupperware cancels auction, agrees to lender takeover
Bankrupt Tupperware Brands agreed on Tuesday to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief, canceling its plans for an open-market auction of its assets.
Bankrupt Tupperware cancels market auction, agrees to lender takeover
The lenders now poised to acquire Tupperware include Alden Global Capital, Stonehill Institutional Partners and a trading desk of Bank of America
Tupperware Strikes Deal to Sell to Lenders in Bankruptcy
Tupperware Strikes Deal to Sell to Lenders in Bankruptcy
Tupperware Gets Deal to Avoid Liquidation After Judge Intervenes
Tupperware Brands Corp. hammered out a deal for its creditors to acquire the business, ending a dispute that’s risked a liquidation of the iconic company after a push from the federal judge overseeing the bankruptcy.
7h
Tupperware will avoid liquidation after judge intervenes
Last week, Judge Shannon interrupted a court fight between Tupperware and lenders, asking lawyers from both sides to meet him ...
5d
Tupperware's Wildly Popular Heritage Collection Has Been Spotted at Costco for an Unbeatable Price
In a delightful twist that’s stirring up waves of nostalgia among homeware enthusiasts, Tupperware’s highly sought-after ...
Apartment Therapy
3d
Costco’s Selling a ‘70s-Inspired Food Storage Set That’s Just as Good as the Original
While the ‘70s Tupperware pieces came in earthy tones like avocado and mustard, these come in fresh, pastel hues. You can ...
The Star
3h
Tupperware get deal to avoid liquidation after judge intervenes
WASHINGTON:
Tupperware
Brands Corp hammered out a deal for its creditors to acquire the business, ending a dispute that’s ...
4d
Costco Just Brought Back Kitchen Kitsch With Their Retro Tupperware Sets
Speaking of which, one of Costco's newest product releases is, ironically, also a retro throwback. If you like kitsch in your ...
8h
Tupperware Brands Corporation Reaches Agreement to Form The New Tupperware Company
Tupperware Brands Corporation ("Tupperware" or the "Company"), (OTC Pink: TUPBQ), an iconic global brand and consumer ...
devdiscourse
15h
Tupperware's Turnaround: Lenders to Acquire Iconic Brand Amid Bankruptcy Proceedings
Bankrupt Tupperware Brands has agreed to sell its business to a group of lenders for $23.5 million in cash and debt relief. The deal, announced during a bankruptcy court hearing, ends plans for an ...
14h
Tupperware gives up on Ch. 11, heads to quick sale
On Oct. 17, Chief Restructuring Officer Brian Fox's testimony was central to Tupperware’s case. Fox is a managing director ...
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