Thursday, October 31, 2024

Putting a lid on it  

     We could write about the extremely serious election, or the damage done to North Carolinians (including 230 dead and others missing), or the baseball World Series. 

     You can find all that elsewhere. Today - if you don't know - Tupperware succumbs to slumping sales. Growing up, we heard our mother talk about Tupperware quite often. 

     Some 78 years ago Earl Tupper invented the first products. His company, known for plastic food containers, filed for Chapter 11 bankruptcy protection Sept. 17 after years of declining sales and mounting debt. 

     The amount of debt is $818 million according to court documents. Tupperware's lenders filed a motion in court to convert the Chapter 11 restructuring into a Chapter 7 liquidation.

     It is estimated that 8,500 patents are held by Tupperware Brands for kitchen and home products. 

     More than 100 Tupperware pieces make up a collection for the future Smithsonian American Women's History Museum, reflecting the cultural influence of Tupperware parties in the 20th century.

            Jimmy


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