Tupperware files for bankruptcy: Why the tiffin box and bottle maker lost its colour after Covid

Tupperware Brands and its subsidiaries have filed for Chapter 11 bankruptcy protection due to declining demand for their food storage containers and increasing losses. The company faced challenges with rising raw material, labor, and freight costs post-pandemic. Tupperware listed assets between $500 million to $1 billion and liabilities between $1 billion to $10 billion.