Iconic Company, Tupperware.. files for Bankruptcy

hollydolly

hollydolly

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Tupperware, the iconic American brand known the world over for its plastic food containers, is on the brink of bankruptcy.

The 78-year-old company has been battling for years to revive its fortunes.

Amid debts of more than $700 million, it could file for bankruptcy as soon as this week, according to Bloomberg.

Tupperware was founded in 1946 by chemist Earl Tupper - whose airtight plastic containers helped food last longer for families still struggling after the war and the Great Depression.

Tupperware's popularity exploded in the 1950s by selling its products at parties thrown by suburban housewives.

It still relies on direct sales from its army 300,000 army of local agents who will be hit if the company goes under. For many it is a vital source of income.

But its products are also sold in major stores like Walmart and Target.

Iconic American homeware brand to file for bankruptcy after 78 years
 

Well gosh, I guess we won’t be having too many more of those Tupperware Parties that were quite the rage in say, the 1960’s-1970’s! While I’ve never been to one ( I’m a dude! ), they were kind of a Lady’s Night Out, bonding kind of thing. They even played games at them, and who knows what else?! - -Did the wine flow? They ain’t talkin’… 🤔

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Fyrefox said:
Well gosh, I guess we won’t be having too many more of those Tupperware Parties that were quite the rage in say, the 1960’s-1970’s! While I’ve never been to one ( I’m a dude! ), they were kind of a Lady’s Night Out, bonding kind of thing. They even played games at them, and who knows what else?! 🤔

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yes I remember those parties well....personally I hated them.. but many loved them, and they were quite the rage right through until the 80's..it's sad to see such an Iconic company go under
 
Paladin1950 said:
I haven't had any Tupperware stuff in my house for years. Probably when my mother was still alive. I get all of those small containers and such, from dollar stores. That's where I've been buying them for years. That's where most have bought them also, I guess.
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yep..and much cheaper. they might not last as long as tupperware but people look for affordability now..
 
When I was a kid, if a wife decided to have a Tupperware party, the other wives immediately put her on the "to kill" list. My mom hated those "parties". She said she had to buy overpriced "plastic" things she'd never use (plastic was considered cheap junk in the 60s). What irritated my mom and her friends was the host got free Tupperware for having the party.
 
Did you know that to close a Tupperware container, you have to "burp" them? That is, lift up one corner a bit to allow air to escape and the lid to settle. Saying "excuse me" after burping the container is optional...

...I understand that a judge wanted the Tupperware bankruptcy case sealed, but they couldn't find a lid that fit... 😆
 
IKE said:
We use hillbilly tupperware.

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y'all come back now.... y'hear?

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hollydolly said:
Tupperware, the iconic American brand known the world over for its plastic food containers, is on the brink of bankruptcy.

The 78-year-old company has been battling for years to revive its fortunes.

Amid debts of more than $700 million, it could file for bankruptcy as soon as this week, according to Bloomberg.

Tupperware was founded in 1946 by chemist Earl Tupper - whose airtight plastic containers helped food last longer for families still struggling after the war and the Great Depression.

Tupperware's popularity exploded in the 1950s by selling its products at parties thrown by suburban housewives.

It still relies on direct sales from its army 300,000 army of local agents who will be hit if the company goes under. For many it is a vital source of income.

But its products are also sold in major stores like Walmart and Target.

Iconic American homeware brand to file for bankruptcy after 78 years
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I still have a yellow Tupperware collander and it never wore out and still my favorite!!!!
I use it several times a week.....lol
 
Many local stores sell products already packaged in Tupperware-type containers. This is particularly true of delis, or deli counters in the supermarkets. So there's no need to buy special containers, as we get basically the same thing for free. In fact, many of them end up in the recycling bins, as we already have too many of them.

I do have a set of glass storage storage containers with snap-on plastic tops, much sturdier and easier to use and clean than the plastic ones.
 
Sunny said:
Many local stores sell products already packaged in Tupperware-type containers. This is particularly true of delis, or deli counters in the supermarkets. So there's no need to buy special containers, as we get basically the same thing for free. In fact, many of them end up in the recycling bins, as we already have too many of them.

I do have a set of glass storage storage containers with snap-on plastic tops, much sturdier and easier to use and clean than the plastic ones.
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Chinese take-aways here give all the food in plastic dishes... as well...
 
HermitHogan said:
We use Pyrex glass bowls with lids. Supposedly, the plastic containers can harm you if you use them to heat food in the microwave.
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I do the same. If I’m freezing large batches of soup, I have the Betty Crocker plastic containers. After thawing, I transfer to the pyrex for cooking.
 
My grandmother had a good bit of Tupperwear
Rest of the family, her daughters and down, not so much
... except what didn't find it's way back to my grandmothers house.

I always thought it odd and a bad business model to sell to small home party audiences.
But guess it worked for a few decades.
My grandmother sold Avon outside of her day job as a furniture salesperson.
So those enterprises among friends was a thing.

I have a good bit of Rubbermaid stuff I use for storage of various things.
But I never cook in it.
 
That Lady in PA said:
You can buy Tupperware in retail stores.
You can buy Tupperware on amazon.com
You can buy Tupperware at flea markets (new, not used)
You can buy Tupperware on their website.


I think all those fit our modern society!
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Seems strange that they can't make a profit. There's very little manual labor involved in the manufacturing of plastic containers. Once they've purchased the machinery and materials, (mostly) all that's left is distribution. So where is all the money going? Maybe they're not as good as Rubbermaid, which is one of their biggest competitors.

I checked last night what brand our plastic containers were and they're Rubbermaid. I didn't buy them, but obviously, they had better marketing or availability than Tupperware, and that's an indication of poor management.
 
I saw this in the news! I remember having Tupperware decades ago and finally got rid of my last piece, maybe a decade ago. One responder to the news story said the Tupperware company itself was it's own undoing for making products that last virtually forever.
 
The only I didn't like is the lids don't last as long as the actual container. I wound up using for other stuff. But plastic lids in general don't last unless they're screw on because bending the plastic when removing wears it out.

Never got into the plastic container for food. Use freezer bags for longer term storage or stored left over to be reheated in a corning ware dish.

Should add sadly not surprised. Between the news & short buying/ selling of the stock over the last 18 months you could tell this day was coming.
 

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