Tupperware warns it could go out of business, share price plunges

NEW YORK: Shares of Tupperware plunged 49% on Monday (April 10) as the maker of plastic containers and other kitchen products warned of acute cash shortages.

The iconic US brand saw its share price fall to US$1.24, hitting a three-year low, after it said it hired "financial advisers to help improve its capital structure and remediate its doubts regarding its ability to continue as a going concern", reported German news agency (dpa).