Tupperware files for Chapter 11 bankruptcy

Tupperware Brands, the company that revolutionized food storage decades ago and saw exponential growth with Tupperware parties, has filed for bankruptcy after years of financial woes and slumping sales due to cheap online competition.

Tupperware files for Chapter 11 bankruptcy
Stacks of rainbow Tupperware sit in a beam of sunlight.

Tupperware Brands, the company that revolutionized food storage decades ago and saw exponential growth with Tupperware parties, has filed for bankruptcy after years of financial woes and slumping sales due to cheap online competition.