TUPPERWARE Brands Corp, which has warned of a possible bankruptcy, said on Monday it signed on investment bank Moelis & Co LLC to help explore strategic alternatives, and added it has also found additional prior period misstatements in its financial reporting.
Shares of the company, known for its bright-colored plastic airtight containers, fell more than 6% to $1.02 in premarket trading.
Subscribe to The Star Yearly Premium Plan for 30% off
Cancel anytime. Ad-free. Full access to Web and App.
Monthly Plan
RM 13.90/month
RM 9.73/month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
Annual Plan
RM 12.39/month
RM 8.63/month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.