Kissimmee-based Tupperware plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just

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The company that owns Tupperware, the iconic food storage and kitchen products business that has been around for nearly 80 years, filed for Chapter 11 bankruptcy in Delaware on Tuesday, officials said.

Tupperware filed for Chapter 11 bankruptcy due to declining sales and an increase in competition from other brands.

Tupperware, one of the brands that revolutionized U.S. retailing with its famous sales parties, is entering Chapter 11 after attempts to turn the business around.

Fast casual chain BurgerFi has filed for Chapter 11 bankruptcy Wednesday after months of reporting financial distress.

Tupperware Brands filed for bankruptcy protection in Delaware late on Tuesday, succumbing to mounting losses due to poor demand for its once popular colorful food storage containers. Its popularity ex

Tupperware Brands, the Orlando, Florida-based consumer goods company that produces the iconic line of containers, said it was seeking Chapter 11 bankruptcy protection after struggling to revitalize its core business and failing to secure a tenable takeover offer.