logo
logo

Tupperware Confirms Expansion Plans After Reaching Deal with Lenders

Tupperware Confirms Expansion Plans After Reaching Deal with Lenders

10/25/24, 4:01 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgunited states
Industry
angel investment
Type
agreement
After reaching an agreement with its lenders as part of the ongoing Chapter 11 proceedings, Tupperware announced plans to further entrench itself in successful markets, shut down in failing markets, and expand into new markets. The company will initially focus on core markets such as the U.S., Canada, Mexico, Brazil, China, Korea, India, and Malaysia, and consider future expansion in Europe and Asia.

Company Info

Company
Group of Creditors (Stonehill Capital Management Partners and Alden Global Capital)
Location
united states
Additional Info
The group of creditors, including Stonehill Capital Management Partners and Alden Global Capital, has confirmed a tentative acquisition agreement with Tupperware Brands. The acquisition is part of a restructuring plan to relaunch the company as 'The New Tupperware Company' and focus initially on core markets while withdrawing from non-core markets with substantial debt.

Related People

Upgrade to Unlock

Unlock Verified Contacts + AI Outreach

Instantly access verified contact emails — and let Fundz AI draft a hyper-personalized message based on their role, company, and your company's offering.

Hh

HhExecutive

Email hidden • Upgrade to unlock

Upgrade & Unlock

Trusted by teams at Google, Oracle, HubSpot & more

Upgrade to Unlock

Unlock Verified Contacts + AI Outreach

Instantly access verified contact emails — and let Fundz AI draft a hyper-personalized message based on their role, company, and your company's offering.

Bh

BhExecutive

Email hidden • Upgrade to unlock

Upgrade & Unlock

Trusted by teams at Google, Oracle, HubSpot & more

Upgrade to Unlock

Unlock Verified Contacts + AI Outreach

Instantly access verified contact emails — and let Fundz AI draft a hyper-personalized message based on their role, company, and your company's offering.

Jh

JhExecutive

Email hidden • Upgrade to unlock

Upgrade & Unlock

Trusted by teams at Google, Oracle, HubSpot & more

Upgrade to Unlock

Unlock Verified Contacts + AI Outreach

Instantly access verified contact emails — and let Fundz AI draft a hyper-personalized message based on their role, company, and your company's offering.

Sh

ShExecutive

Email hidden • Upgrade to unlock

Upgrade & Unlock

Trusted by teams at Google, Oracle, HubSpot & more