Court approves Tupperware's sale to lenders, exit from bankruptcy

NEW YORK CITY, New York: A U.S. bankruptcy judge has approved the sale of Tupperware Brands to a group of lenders, enabling the iconic food storage company to emerge from Chapter 11 bankruptcy and attempt a resurgence.

The sale agreement, approved in Delaware court, involves a US$23.5 million cash injection from the lender group and over $63 million in debt relief for Tupperware. Upon completing the deal, Tuppe