00:00It's Benzinga, and here's what's on the block.
00:02Tupperware Brands filed for Chapter 11 bankruptcy protection following significant financial
00:07losses and declining demand for its food storage containers.
00:10The company, famous for its 1950s Tupperware parties, has struggled to compete with cheaper,
00:15eco-friendly alternatives.
00:17Tupperware CEO Lori Goldman cited the challenging macroeconomic environment as a major factor
00:22behind its weakened financial position.
00:24For all things money, visit Benzinga.com.
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