"Over the last several years, the Company's financial position has been severely impacted by the challenging macroeconomic environment," president and CEO Laurie Ann Goldman said in a statement Tuesday announcing the bankruptcy filing.
"As a result, we explored numerous strategic options and determined this is the best path forward," added Goldman.
The company said it would seek court approval for a sale process for the business to protect its brand and "further advance Tupperware's transformation into a digital-first, technology-led company.