Tupperware files for bankruptcy protection as demand slumps for its colorful containers

TUPPERWARE Brands and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, succumbing to declining demand for its once-popular colorful food storage containers and ballooning losses.

The company's struggles to stem the drop in sales resumed after a brief surge during the pandemic when people cooked more at home and turned to its airtight plastic containers to store leftovers. The post-pandemic jump in costs of critical raw materials such as plastic resin, as well as labor and freight further dented the company's margins.