Tupperware News

Tupperware Latin America Direct Sales Rise 14% in First Full Quarter Under BeFra as Jafra Slips and Gets Interim Leader

Press Release | 10/22/2026

GUADALAJARA, Mexico - October 22, 2026

Tupperware's Latin American direct-selling business delivered its first full quarter under new ownership with double-digit growth in its core channel, according to third-quarter results released Thursday by BeFra, the Mexican group whose legal name is Betterware de México, which bought Tupperware's Mexico and Brazil operations earlier this year. The same report showed sister company Jafra slipping, and BeFra said it has installed its own chief executive as interim head of Jafra Mexico.

BeFra closed the Tupperware Latin America acquisition in June 2026, following Tupperware Brands' 2024 bankruptcy in the United States. In the quarter ended September 30, 2026, the Tupperware brand generated net revenue of 1.376 billion Mexican pesos, or 28.5 percent of BeFra's consolidated revenue. Stripping out business-to-business sales and sales in Argentina and the United States, which BeFra does not count as part of the core direct-selling channel, Tupperware's direct-selling revenue rose 14.0 percent from the same period a year earlier on a combined basis, to 1.352 billion pesos.

Mexico led the gain. BeFra said Tupperware Mexico's direct-selling business grew 23.0 percent year over year, while the decline at Tupperware Brazil narrowed to 3.3 percent, compared with drops of 10 to 15 percent before the acquisition. Total brand revenue still fell 6.8 percent on a combined basis because the prior-year quarter included large one-time sales through channels outside direct selling that BeFra discontinued after the deal. Tupperware ended the quarter with 252,704 associates, a figure that counts sellers, distributors, unit managers and leaders, and averaged 278,778 over the period.

Profitability at Tupperware was lower than a year ago. The brand produced EBITDA of 359 million pesos, a 26.1 percent margin, against 31.1 percent in the third quarter of 2025 on a combined basis. BeFra attributed the decline to spending on revitalizing the brand and to weaker fixed-cost absorption after the non-direct sales went away, and said a margin in the mid-20s is the level it expects going forward. Tupperware accounted for 35.6 percent of group EBITDA in the quarter.

Jafra moved the other way. The beauty and personal care company, which BeFra acquired in 2022, posted third-quarter revenue of 1.934 billion pesos, down 2.8 percent, and EBITDA fell 20.1 percent to 327 million pesos. BeFra blamed a difficult summer holiday period in Mexico and shifts in consumer attention during the World Cup, and said Jafra, unlike Betterware, could not make up the difference through higher seller productivity. After what it described as several quarters of inconsistent growth and a slower-than-planned rollout of changes to align Jafra with the group's commercial model, BeFra appointed President and CEO Andrés Campos Chevallier as interim managing director of Jafra Mexico. The company said the interim period is expected to last six to twelve months while Campos helps identify a permanent successor. BeFra also said Jafra's U.S. business posted another quarter of positive EBITDA under a leaner expense structure.

The Betterware home-goods brand grew revenue 9.7 percent to 1.523 billion pesos, its third straight quarter of year-over-year growth, although freight costs tied to supply-chain disruptions in the Middle East trimmed its margin.

For the group as a whole, net revenue rose 43.1 percent to a record 4.832 billion pesos, EBITDA increased 39.6 percent to 1.008 billion pesos and net income rose 24.2 percent to 390 million pesos. Organic revenue, which excludes Tupperware, grew 2.3 percent. BeFra's average associate base across all three brands climbed 23.7 percent to about 1.46 million, reflecting the addition of Tupperware's independent sellers. The company generated 1.059 billion pesos in free cash flow, paid down 431 million pesos of debt and lowered its net debt to 1.65 times EBITDA.

BeFra raised its full-year 2026 revenue growth guidance, including Tupperware, to 24 to 26 percent from 18 to 22 percent, while narrowing its organic growth outlook to 4 to 5 percent from 4 to 8 percent. It expects a full-year EBITDA margin of 19 percent. Shareholders approved a quarterly dividend of 250 million pesos, payable in the fourth quarter.

Tupperware was founded in 1946 and built its business on home parties run by independent consultants. BeFra, which trades on the New York Stock Exchange, is based in Guadalajara and now operates Betterware, Jafra and Tupperware across Mexico, Brazil, the United States and other Latin American markets.

Betterware Completes 250 Million Dollar Purchase of Tupperware Latin America

Press Release | 6/2/2026

GUADALAJARA, Mexico -- June 2, 2026

Betterware de Mexico said it has completed its acquisition of Tupperware's Latin American operating assets, primarily in Mexico and Brazil, together with a perpetual, royalty-free exclusive license to the Tupperware brand in Latin America.

Total consideration was 250 million dollars on a debt-free, excess-cash-free basis, including 215 million dollars of debt-funded cash and 35 million dollars of newly issued Betterware shares. Closing followed Mexican antitrust clearance, Betterware shareholder approval and other conditions. Betterware said the acquired business had about 270 million dollars of 2025 revenue and will operate as an independent unit alongside Betterware and Jafra.

The deal was announced January 19, 2026. Betterware said Argentina brand licenses take effect in September 2026 and that the platform includes more than 140 distributors and over 200,000 independent sales representatives.

Tupperware Brands Liquidation Plan Takes Effect as Liquidating Trust Is Formed

Npros.com | 6/10/2025

The Chapter 11 plan of liquidation for Tupperware Brands Corporation and its affiliated debtors became effective on June 10, 2025, marking the end of the former publicly traded company that once dominated the market for plastic food storage containers.

On the effective date, the Tupperware Liquidating Trust was established, with CBMN Advisors LLC, doing business as Uzzi and Lall, serving as liquidating trustee. Retained causes of action were transferred to the trust, which will pursue recoveries and make distributions to creditors under the plan, and Tupperware Brands Corporation went out of business.

The U.S. Bankruptcy Court for the District of Delaware confirmed the plan on May 9, 2025. Tupperware filed for Chapter 11 in September 2024 and sold its brand and core operations in November 2024 to Party Products LLC, a group formed by its secured lenders, which continues to sell Tupperware products in selected markets.

Bankruptcy Court Confirms Tupperware Brands Chapter 11 Liquidation Plan; Shareholders Get Nothing

Npros.com | 5/9/2025

The U.S. Bankruptcy Court for the District of Delaware on May 9, 2025, confirmed the joint Chapter 11 plan of liquidation for Tupperware Brands Corporation and its affiliated debtors in Case No. 24-12156, and approved the related disclosure statement on a final basis.

Under the plan, holders of credit agreement claims totaling 732.03 million dollars will receive their pro rata share of distributable proceeds. General unsecured creditors will share in recoveries through a liquidating trust, and existing equity interests in Tupperware Brands will be cancelled with no distribution to shareholders.

Tupperware filed for Chapter 11 protection in September 2024 and in November 2024 sold its brand and core operations to Party Products LLC, a group formed by its secured lenders, which continues to operate the Tupperware business in selected markets. The confirmed plan winds down the remaining estate of the former public company.

Tupperware Shuts Down Business in Germany as It Pulls Out of Europe After Bankruptcy

Npros.com | 1/15/2025

Tupperware officially ended its business in Germany, once one of its strongest markets, posting a notice on its German website on January 15, 2025, that operations had been discontinued. The company said orders received through December 29, 2024, would still be processed and shipped, though high order volume could push deliveries to the end of January.

According to German press reports, the decision to wind down the German unit was made as of January 8, after local management failed to secure new license agreements from the U.S. owner of the brand. About 60 employees and roughly 12,000 independent consultants in Germany were affected, and as many as 100,000 independent consultants were affected across Europe as the brand withdrew from the region.

The exit follows Tupperware Brands' September 2024 Chapter 11 filing and the November 2024 sale of the brand and operations in selected core markets to Party Products LLC, a group formed by the company's secured lenders. The buyer had said it would continue selling Tupperware products only in core markets worldwide.

Party Products Completes Acquisition of Tupperware Brand and Core-Market Operations

Press Release | 11/27/2024

NEW YORK, November 27, 2024 --

Party Products LLC, formed by a group of secured lenders to Tupperware Brands Corporation, said it completed the acquisition of certain Tupperware assets, including global rights to the brand name and related intellectual property and operations in core geographic markets.

Party Products said it will initially offer Tupperware products in selected core markets worldwide and that operations there will continue uninterrupted through independent sales consultants, ecommerce sites and retail partners. The buyer group includes Stonehill Capital Management and Alden Global Capital.

The closing follows November bankruptcy-court approval of the sale that grew out of Tupperware's September Chapter 11 filing and the October agreement to abandon an open auction in favor of the lender credit bid.

Bankruptcy Court Approves Tupperware Sale to Lenders for 23.5 Million Cash Plus Debt Relief

Npros.com | 10/29/2024

NEW YORK, October 29, 2024 --

A U.S. bankruptcy judge in Delaware approved Tupperware Brands' proposal to sell assets to its lenders, clearing a path for the housewares company to exit Chapter 11 with most operations intact.

Under the deal, a lender group including Stonehill Capital Management and Alden Global Capital is buying the Tupperware brand name and various operating assets for 23.5 million dollars in cash and more than 63 million dollars in debt relief. Tupperware said it expects to operate as The New Tupperware Co. after closing, with an initial focus on the United States, Canada, Mexico, Brazil, China, South Korea, India and Malaysia.

Tupperware attorney Spencer Winters told the court the company had tried for months to find a buyer willing to refinance about 818 million dollars of debt before the September bankruptcy filing and called the lender sale a great outcome that preserves the business, customer relationships and jobs. Closing remained subject to conditions, including resolution of an issue with a Swiss entity.

Tupperware Cancels Asset Auction and Agrees to Sell Business to Lender Group

Npros.com | 10/22/2024

Bankrupt Tupperware Brands agreed on October 22, 2024, to sell its business to a group of its lenders, canceling plans for an open-market auction of its assets, according to court proceedings in Wilmington, Delaware.

The lender group later identified as Party Products LLC, backed by Stonehill Capital Management and Alden Global Capital, offered 23.5 million dollars in cash plus more than 63 million dollars in debt relief for the brand name and operating assets. Tupperware had filed Chapter 11 in September with roughly 818 million dollars in debt after months of failed efforts to find a buyer willing to refinance the company.

U.S. Bankruptcy Judge Brendan Shannon said he would quickly schedule a hearing to consider the sale, calling it likely the best result given the company's difficult circumstances. A faction of lenders had opposed an open auction and sought to take the assets themselves.

NYSE Suspends Tupperware Trading and Moves to Delist After Bankruptcy Filing

SEC Filing | 9/23/2024

Tupperware Brands Corporation disclosed that NYSE Regulation notified it on September 18, 2024 that it would begin proceedings to delist the company's common stock and was suspending trading immediately. The exchange found the company no longer suitable for listing under Section 802.01D of the NYSE Listed Company Manual after its Chapter 11 filing.

Tupperware said it will not appeal, so it expects its stock to be delisted once the NYSE applies to the Securities and Exchange Commission. The shares have begun trading on the OTC Expert Market under the symbol TUPBQ, a far more limited market than the NYSE.

The company warned that trading in its securities during the Chapter 11 cases is highly speculative and that common stockholders could see a significant or total loss on their investment, depending on how the cases turn out.

Tupperware Lenders Seek to Dismiss Bankruptcy, Cut Off Cash in Push to Take Control

Npros.com | 9/19/2024

Tupperware's key lenders opposed the company's proposed bankruptcy auction at its first court hearing, cutting off its access to about 7.4 million dollars in bank accounts and moving to dismiss the Chapter 11 case or convert it to a Chapter 7 liquidation.

The lender group, Alden Global Capital, Stonehill Institutional Partners and a Bank of America trading desk, bought Tupperware debt with a face value of 450 million dollars in July. The lenders argued that the company had spent 67 million dollars on restructuring and marketing advisers since January 2023, and that its highest bid was only about 20 percent of its 818 million dollars in debt. They want to foreclose on the assets instead.

Tupperware's attorneys said the company should be allowed to run an open, court-supervised sale and noted that the lenders paid only 15 million to 30 million dollars for their controlling debt stake. The company planned to ask U.S. Bankruptcy Judge Brendan Shannon to restore its cash access at a hearing the following week.

Tupperware Files for Chapter 11 Bankruptcy, Seeks Court-Supervised Sale

Press Release | 9/17/2024

ORLANDO, Fla., September 17, 2024 --

Tupperware Brands Corporation and certain subsidiaries filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware. The company plans to keep operating during the case and will ask the court to approve a sale process for the business to protect the brand and continue its shift to a digital-first, technology-led company.

President and Chief Executive Laurie Ann Goldman said the challenging economic environment had severely hurt the company's finances for several years and that, after exploring many strategic options, management decided bankruptcy was the best path forward. Tupperware said its independent sales consultant agreements are not changing, and it will keep selling through consultants, retail partners and its website.

The filing is an event of default that accelerated obligations under Tupperware's 2021 credit agreement and its August 2024 bridge loan. Kirkland and Ellis is serving as legal adviser, Moelis and Company as investment banker and Alvarez and Marsal as financial and restructuring adviser.

Tupperware Takes 8 Million Bridge Loan at 14 Percent and Misses Second Quarter Filing Deadline

SEC Filing | 8/14/2024

Tupperware Brands Corporation disclosed that on August 12, 2024 it entered into a senior secured bridge loan facility of up to 8 million dollars, drawing 4 million dollars immediately, with the remaining 4 million dollars available only at the lenders' discretion. The loans carry 14 percent annual interest and a 25 percent original issue discount, are secured by inventory of Tupperware U.S., and mature on September 30, 2024.

At the same time, the company amended its existing credit agreement and forbearance agreement. The amendments allow the bridge loans, subordinate existing lenders' liens on the bridge collateral, remove certain forbearance milestones and extend the forbearance period from August 15 to the bridge maturity date.

On the same day, Tupperware told the Securities and Exchange Commission it could not file its second-quarter Form 10-Q on time. It cited significant liquidity challenges, continuing substantial doubt about its ability to continue as a going concern, and heavy attrition in its accounting department, including the recent departure of its chief financial officer. It still has not filed its 2023 annual report or its first-quarter report.

Tupperware Wins Forbearance Extension to August 15, Must Deliver Repayment LOIs by July 31

SEC Filing | 7/18/2024

Tupperware Brands Corporation said that on July 12, 2024 it signed a Second Amendment to Forbearance Agreement with lenders under its 2021 credit agreement, giving the struggling housewares company more time to meet repayment milestones.

The amendment extends both the compliance period for the forbearance milestones and the forbearance termination date from July 14, 2024 to August 15, 2024, unless the agreement ends earlier under its terms. It also adds an interim milestone requiring Tupperware to deliver one or more letters of intent for a repayment transaction by July 31, 2024.

Tupperware has been operating under the forbearance agreement since February 2024 while it pursues financing and a strategic turnaround amid going-concern doubts.

Tupperware CFO Mariela Matute Resigns as Lenders Extend Forbearance to July 14

SEC Filing | 7/11/2024

Tupperware Brands Corporation disclosed that Executive Vice President and Chief Financial Officer Mariela Matute told the company on July 5, 2024 that she would resign, effective July 31, 2024. The company said her decision did not stem from any disagreement over its operations, policies or practices.

In the same filing, Tupperware said that on July 7 the administrative agent under its credit agreement, Wells Fargo Bank, used its discretion to extend the forbearance termination date from July 7 to July 14, 2024. The agent also pushed back to July 14 the milestones for signing a definitive agreement on certain repayment transactions.

The lender forbearance agreement, first signed in February 2024 and amended several times since, requires the company to meet milestones tied to its business plan and to repaying its debt.

Tupperware Extends Lender Forbearance Termination Date to July 7

SEC Filing | 6/28/2024

Tupperware Brands Corporation disclosed that on June 28, 2024 it again amended its forbearance agreement with Wells Fargo Bank, as administrative agent, and certain lenders, extending the forbearance termination date from June 30, 2024 to July 7, 2024 at 11:59 p.m. Eastern time.

The administrative agent may further extend that date by up to five business days in its sole discretion. The amendment also pushed milestones for entering a definitive agreement on certain repayment transactions from June 22, 2024â€"already extended administratively to June 28â€"to July 7, 2024.

The short extension kept lender forbearance in place while Tupperware continued efforts toward a repayment transaction amid delayed SEC filings and going-concern concerns disclosed earlier in the quarter.

Tupperware Amends Lender Forbearance, Extends Repayment Milestone to June 22

SEC Filing | 6/3/2024

Tupperware Brands Corporation disclosed that on June 3, 2024 it entered an amendment to its February 13, 2024 forbearance agreement with Wells Fargo Bank, as administrative agent, and certain lenders under its credit agreement.

The amendment extended the milestone for entering a definitive agreement on certain repayment transactions from May 22, 2024 to June 22, 2024, while the forbearance period itself remained set to expire June 30, 2024 unless earlier terminated. It also let Tupperware retain tax-refund proceeds and up to 3.5 million dollars of net proceeds from selling unused internet-protocol addresses.

The company said permitted revolving credit exposure was cut to about 22.3 million dollars, the weekly U.S. minimum-liquidity requirement was removed, and the cap on unrestricted U.S. cash and cash equivalents was raised from 7 million to 15 million dollars.

Tupperware Warns It Cannot Timely File First Quarter Report; Flags Going-Concern Doubt

SEC Filing | 5/10/2024

Tupperware Brands Corporation filed a Form 12b-25 on May 10, 2024 stating it would be unable, without unreasonable effort or expense, to file its Form 10-Q for the quarter ended March 30, 2024 by the prescribed due date because it still had not completed its delayed 2023 Form 10-K.

The company said it was executing a strategic turnaround that produced one-time non-operating charges in the first quarter alongside a continuing decline in the underlying business. It also said it continues to have substantial doubt about its ability to continue as a going concern and therefore could not provide a reasonable quantitative estimate of first-quarter results.

Tupperware said it was endeavoring to complete its financial close process and file the 2023 annual report and then the first-quarter 10-Q as promptly as possible, without assuring timing.

NYSE Flags Tupperware for Late 2023 Annual Report Filing

SEC Filing | 4/16/2024

Tupperware Brands Corporation disclosed that on April 16, 2024 it received written notice from the New York Stock Exchange that it is not in compliance with Section 802.01E of the NYSE Listed Company Manual because it failed to timely file its 2023 Form 10-K with the Securities and Exchange Commission.

Under NYSE rules, the company has six months from March 29, 2024 to regain compliance by filing the overdue annual report, and the exchange may grant an additional extension of up to six months at its discretion. The NYSE also noted it may commence delisting proceedings at any time if it deems circumstances warrant.

Tupperware said resource attrition in its accounting department and ongoing material weaknesses in internal control contributed to the delay after it engaged KPMG as auditor in January 2024. The company said it expected to file within the six-month cure period but could not provide a specific filing date. A late-filer indicator was set to begin disseminating with the ticker on April 22, 2024.

Tupperware Secures Lender Forbearance Through June and Regains NYSE Market-Cap Compliance

SEC Filing | 2/13/2024

Tupperware Brands Corporation disclosed that on February 13, 2024 it entered a Forbearance Agreement with lenders under its credit agreement, including Wells Fargo as administrative agent. Lenders agreed to forbear from exercising remedies for specified existing and anticipated defaults through the earlier of June 30, 2024, at 11:59 p.m. Eastern time, or an earlier termination after other defaults.

As a condition to effectiveness, the borrowers made an approximately 10.9 million dollar principal payment on USD Term A Loans. The agreement limits revolving availability to about 36.4 million dollars, reduces the weekly U.S. liquidity minimum from 15 million to 10 million dollars during the forbearance period, and sets business-planning and repayment milestones.

Separately, Tupperware said the NYSE notified it on February 1, 2024 that it had regained compliance with the minimum market capitalization and shareholders' equity standard of Section 802.01B. The company remained noncompliant with NYSE rules on holding a delayed 2022 annual meeting and on timely filing its 2023 Form 10-Q reports, and said it was exploring strategic alternatives with financial advisors.

Tupperware Engages KPMG as New Auditor After PwC Declines Reappointment

SEC Filing | 1/24/2024

Tupperware Brands Corporation disclosed that on January 24, 2024, after approval by its Audit and Finance Committee, it engaged KPMG LLP as its independent registered public accounting firm for the fiscal year ended December 30, 2023 and to review financial statements for the first three fiscal quarters of 2023.

The engagement followed PricewaterhouseCoopers LLP's earlier decision not to stand for reappointment after the company filed its delayed 2022 Form 10-K. Tupperware said it had not consulted with KPMG during the two most recent fiscal years or any subsequent interim period before the engagement on accounting, auditing or financial reporting issues that would have been reportable under SEC rules.

The auditor change was a key step toward filing the company's overdue 2023 quarterly reports, which remained subject to a March 31, 2024 NYSE filing deadline tied to possible suspension or delisting procedures.

NYSE Flags Tupperware for Missing 2022 Annual Meeting Deadline

SEC Filing | 1/5/2024

Tupperware Brands Corporation disclosed that on January 5, 2024 it received written notice from the New York Stock Exchange that it is not in compliance with Section 302 of the NYSE Listed Company Manual because it failed to hold an annual meeting for the fiscal year ended December 31, 2022 by December 31, 2023.

The company said the meeting was first delayed by the late filing of its 2022 Form 10-K, which was filed October 13, 2023, and then by efforts to retain a new independent auditor after PricewaterhouseCoopers declined to stand for reappointment. Tupperware said it would delay the annual meeting until a new auditor is appointed and a ratification proposal can be put to shareholders.

Tupperware also warned that it remains delayed in filing its 2023 quarterly reports. If those Form 10-Q filings are not made by March 31, 2024, the NYSE may begin suspension or delisting procedures, the company said.

Tupperware Lenders Extend Deadlines for Delayed Reports and Turnaround Plan to February 2024

SEC Filing | 12/22/2023

Tupperware Brands Corporation disclosed in a Form 8-K that on December 22, 2023 it entered a Sixth Amendment to its credit agreement with lenders led by Wells Fargo Bank, its second amendment of the quarter.

The amendment pushed the deadline for delivering unaudited financial statements for the quarter ended April 1, 2023 to February 2, 2024 from December 29, 2023, and for the quarter ended July 1, 2023 to February 2, 2024 from January 31, 2024. It also moved the deadline for delivering the company's Turnaround Plan to February 2, 2024 from December 29, 2023, and required Tupperware to give lenders an update on the status of its turnaround efforts by January 19, 2024.

Tupperware, led since October by Chief Executive Laurie Ann Goldman, remained behind on its 2023 quarterly SEC filings and faced a March 31, 2024 New York Stock Exchange deadline to become current.

PwC Declines to Stand for Reappointment as Tupperware Auditor, Raising Risk of Further Filing Delays

SEC Filing | 10/27/2023

Tupperware Brands Corporation disclosed in a Form 8-K filed October 27, 2023 that PricewaterhouseCoopers LLP informed the company on October 24 that it would not stand for reappointment as independent auditor for the fiscal year ending December 30, 2023. The company said there was no dispute with PwC.

PwC's report on the 2022 financial statements included an explanatory paragraph citing substantial doubt about Tupperware's ability to continue as a going concern. The filing listed as a reportable event the material weaknesses disclosed in the 2022 Form 10-K, which led to the restatement of 2020 and 2021 results and covered accounting for income taxes, leases, intercompany loans, goodwill, account reconciliations and the cash-flow statement.

Tupperware warned that the time needed to evaluate and hire a new auditor would likely further delay its 2023 quarterly reports and its 2023 annual report. If the quarterly reports are not filed by March 31, 2024, the New York Stock Exchange may begin suspension or delisting procedures, the company said.

Tupperware Names Former Avon North America CEO Laurie Ann Goldman Chief Executive, Replacing Miguel Fernandez

Press Release | 10/17/2023

ORLANDO, Fla., October 17, 2023 --

Tupperware Brands Corporation named Laurie Ann Goldman president, chief executive officer and a director, effective immediately, to lead its turnaround. She replaces Miguel Fernandez, who also left the board.

Goldman previously served as CEO of Avon North America from August 2018 to August 2019 and as CEO of Spanx from 2002 to 2014, and most recently led OVME Aesthetics. Board Chair Susan Cameron said Goldman's record of motivating global sales teams and her operational and financial skills would help accelerate the company's turnaround plan.

The company also added three directors: former Rodan + Fields chief executive Lori Bush, former Energy Future Holdings CEO Paul Keglevic and Transier Advisors CEO William Transier. Directors Mark Burgess, Meg Crofton, Deborah Ellinger and James Fordyce stepped down, and with the previously disclosed departure of Richard Goudis the board was reduced to 11 members, 10 of them independent.

Tupperware said it filed its 2022 annual report on Form 10-K on October 13, 2023 and would file its quarterly reports for the first three quarters of 2023 as promptly as possible.

Tupperware Files Delayed 2022 Annual Report With Restatements and 232.5 Million Net Loss

SEC Filing | 10/13/2023

Tupperware Brands Corporation filed its long-delayed annual report on Form 10-K for fiscal 2022 on October 13, 2023, reporting net sales of 1.304 billion dollars, down from 1.601 billion dollars in 2021, and a net loss of 232.5 million dollars. Sales fell in every segment except South America; excluding currency effects they declined 215.4 million dollars, or 14 percent.

The company attributed the decline to lower recruiting and sales-force activity, COVID-19 lockdowns that hit Asia Pacific for most of 2022, sales-force business model and compensation plan changes that did not deliver expected results, lower productivity and higher inflation. Asia Pacific net sales fell to 352.4 million dollars from 460.9 million dollars.

The filing restated the company's 2020 and 2021 financial statements and its quarterly results for 2021 and the first three quarters of 2022. Management identified material weaknesses in internal control over financial reporting, including accounting for income taxes, leases, intercompany loans, goodwill valuation, account reconciliations and the cash-flow statement. Tupperware again concluded there is substantial doubt about its ability to continue as a going concern and said its board was working with advisors to explore strategic alternatives.

NYSE Grants Tupperware Late-Filing Extension to March 2024 as Lenders Push Back Reporting Deadlines

SEC Filing | 10/10/2023

Tupperware Brands Corporation disclosed in a Form 8-K filed October 10, 2023 that the New York Stock Exchange's Listings Operations Committee on October 3 approved its request for an additional six-month cure period, giving the company until March 31, 2024 to file its delayed 2022 Form 10-K and its 2023 quarterly reports. The exchange said it would closely monitor interim milestones, warned that missing them could bring an accelerated trading suspension and said it may begin suspension and delisting procedures if the filings are not made by the deadline.

The company also entered a Fifth Amendment to its credit agreement with lenders led by Wells Fargo on October 5. The amendment moved the deadline for audited 2022 financial statements to November 1, 2023, pushed deadlines for the 2023 quarterly statements into December 2023 through March 2024, delayed delivery of a required turnaround plan to December 29, 2023 and adjusted cash-holding and prepayment terms tied to an expected Indonesian tax refund.

Separately, Executive Vice Chair and director Richard Goudis told the company on October 6 that he would resign from his officer and board positions after the 2022 Form 10-K was filed. Tupperware said his departure was not due to any disagreement and that additional board composition changes were likely to follow.

Tupperware Completes Debt Restructuring Extending About 348 Million to 2027

Press Release | 8/3/2023

ORLANDO, Fla., Aug. 3, 2023 --

Tupperware Brands Corporation said it finalized a Debt Restructuring Agreement with its lenders effective August 2, 2023, restructuring credit facilities to improve liquidity for its turnaround. The company said the deal provides for reduction or reallocation of about 150 million dollars of cash interest and fees, extension of about 348 million dollars of principal and reallocated interest and fees to fiscal 2027 with payment-in-kind interest, about 55 million dollars less amortization through 2025, and immediate revolving capacity of about 21 million dollars.

Lenders received warrants for about 2.55 million shares, or roughly 4.99 percent of fully diluted common stock, at a 0.01 dollar exercise price. Chief financial officer Mariela Matute said the agreement provides flexibility to execute near-term turnaround efforts and a longer-term omni-channel strategy. Preliminary second-quarter revenue for the period ended July 1, 2023 was estimated at 260 million to 270 million dollars, a material decline from the year-earlier quarter.

The company remained noncompliant with NYSE Sections 802.01B and 802.01C, said it had submitted a business plan to the exchange, and expected delayed Form 10-K, first-quarter Form 10-Q and second-quarter Form 10-Q filings into late summer and fall 2023.

Tupperware Flags Insufficient Liquidity for July Interest Payment Despite Debt Waiver

SEC Filing | 7/7/2023

Tupperware Brands Corporation disclosed in a Form 8-K dated July 7, 2023 that on June 30, 2023 it entered a Limited Waiver of Mandatory Prepayment and Payment Deferral Agreement with its lenders. The waiver deferred about 2.5 million dollars, 0.5 million dollars and 2.2 million euros of June 30 term-loan amortization payments until July 31, 2025 and waived a mandatory prepayment tied to about 10.4 million dollars of Indonesian real-estate sale proceeds, conditioned on a 6 million dollar revolving-loan prepayment by July 10, 2023.

Despite the waiver, the company said it was forecasting non-compliance with certain Credit Agreement financial covenants for the first and second quarters of 2023 and insufficient liquidity to make its July 2023 interest payment, which would further limit borrowing. It also cited covenant issues from delayed Form 10-K and Form 10-Q filings and reiterated substantial doubt about its ability to continue as a going concern.

The company said it expected to file its delayed 2022 Form 10-K by August 2023 and its first-quarter 2023 Form 10-Q by late September 2023, while continuing work to restate prior periods and remediate multiple material weaknesses in internal control over financial reporting.

Tupperware Appoints Chief Restructuring Officer, Hires Moelis and Flags Soft Q1 Sales

SEC Filing | 5/8/2023

Tupperware Brands Corporation disclosed in a Form 8-K that on May 4, 2023 it appointed Brian J. Fox of Alvarez & Marsal as chief restructuring officer to help manage liquidity, operational efficiency, working capital and capital expenditures. The company also said it engaged Moelis & Company to explore strategic alternatives and advise on improving liquidity and capital structure.

On May 5, 2023, Tupperware entered a Fourth Amendment to its Credit Agreement providing a limited waiver that allowed a single 5.3 million dollar borrowing to pay past-due interest despite defaults tied to late audited financials, and imposing additional reporting, CRO and investment-advisor requirements. The company said it expects to file its delayed 2022 Form 10-K within about 50 days and its first-quarter 2023 Form 10-Q within about 75 days.

Preliminary first-quarter revenue for the period ended April 1, 2023 was estimated at 280 million to 290 million dollars, a material decline from the year-earlier quarter. Since the April 7 going-concern disclosure, the company said it identified additional prior-period misstatements and additional material weaknesses in internal control over financial reporting.

Tupperware Warns of Going-Concern Doubt, Engages Advisors and Gets NYSE Late-Filing Notice

Press Release | 4/7/2023

ORLANDO, Fla., April 7, 2023 --

Tupperware Brands Corporation said there is substantial doubt about its ability to continue as a going concern and that it had engaged financial advisors to help improve its capital structure and liquidity. The company said a Credit Facility covenant violation was probable because of the delayed 2022 Form 10-K filing and cash constraints from higher interest costs and the timing of re-engineering actions.

On April 3, 2023, Tupperware received a New York Stock Exchange notice of non-compliance under Section 802.01E for failing to timely file its Form 10-K, giving it six months from the due date to regain compliance, with a possible further six-month extension at the NYSE's discretion. Chief executive Miguel Fernandez said the company was taking immediate action to seek additional financing and address its financial position, including reviewing real estate for potential dispositions or sale-leasebacks.

The company said Form 10-K results would differ significantly from March 1 preliminary figures because going-concern status requires write-downs of certain deferred tax assets, goodwill and other intangible assets, and that it still expected to file the Form 10-K within about 30 days.

Tupperware Delays Filing of 2022 Form 10-K Citing Tax Restatement Work

SEC Filing | 3/16/2023

Tupperware Brands Corporation filed a Form 12b-25 on March 16, 2023, notifying the SEC that it could not timely file its Annual Report on Form 10-K for the year ended December 31, 2022, and seeking the standard 15-calendar-day extension. The company said it needed more time to complete the report, including restatement of previously issued financial statements.

On March 12, 2023, the Audit and Finance Committee concluded that consolidated financial statements for 2020 and 2021 and unaudited interim statements for 2021 and the first three quarters of 2022 were materially misstated and should no longer be relied upon. Misstatements originating before 2020 were expected to reduce 2020 beginning retained earnings by about 23 million to 28 million dollars, primarily from income-tax errors. Material weaknesses were identified in risk assessment, income-tax accounting, and lease accounting.

Chief financial officer Mariela Matute signed the notification. The company said it was endeavoring to complete the Form 10-K as promptly as possible but could not assure filing within the extension period.

Tupperware Preliminary Fourth Quarter Sales Fall 20 Percent; Flags Tax Restatement and Material Weakness

Press Release | 3/1/2023

ORLANDO, Fla., March 1, 2023 -- Tupperware Brands Corporation reported preliminary fourth-quarter 2022 net sales of 313.7 million dollars, down 20 percent year over year, or 14 percent in constant currency. Loss from continuing operations was 35.2 million dollars, or 0.79 dollars per diluted share. Full-year net sales were 1,305.6 million dollars, down 18 percent, or 14 percent in constant currency, with a continuing-operations loss of 28.4 million dollars.

On February 22, 2023, the company entered a third amendment to its credit agreement providing additional leverage and interest-coverage covenant relief after earlier amendments in August and December 2022. Consolidated net leverage was 4.88 times at year-end. Management said 2023 is expected to be a transition year as it stabilizes the business.

The company said preliminary results are subject to change while it finalizes income-tax items, that it identified prior-period misstatements mainly related to income taxes, and that it will disclose a material weakness in internal control over financial reporting in its 2022 Form 10-K. Chief executive Miguel Fernandez cited retail expansion progress in the United States alongside pressure on the core direct-selling business.

Tupperware Amends Credit Agreement to Loosen Leverage Covenant

Press Release | 12/22/2022

Tupperware Brands entered into a second amendment to its credit agreement that raises the maximum net leverage ratio for the fourth quarter of 2022 to 5.25 times from 4.25 times, followed by 4.25 times in the first quarter of 2023 and 3.75 times thereafter. The amendment shortens the facility's maturity to November 23, 2025 from 2026.

The global revolving commitment was reduced to 435 million dollars from 450 million dollars, the letter of credit sublimit was set at 45 million dollars, the Singapore tranche and incremental facility were eliminated, and the Mexico tranche was cut to 5 million dollars. Interest margins increased and new reporting requirements were added.

The company said it remains in discussions with lenders on further relief. Chief financial officer Mariela Matute said the amendment allows the company to keep executing its strategies of fixing the core business and expanding access to the brand during a period of unusual macroeconomic volatility.

Tupperware Third Quarter Sales Fall 20 Percent; Warns of Going-Concern Doubt

Press Release | 11/2/2022

Tupperware Brands reported third-quarter 2022 net sales of 302.8 million dollars, down 20 percent from 376.9 million dollars a year earlier and down 14 percent in constant currency. The company posted a loss from continuing operations of 3.8 million dollars, or 0.09 dollars per diluted share, compared with income of 60.4 million dollars a year earlier. Adjusted EPS was 0.14 dollars versus 1.19 dollars.

Covenant adjusted EBITDA fell to 29.9 million dollars from 77.7 million dollars, leaving net leverage at 4.17 times against a 4.5 times limit. Tupperware said it is probable it will not remain in compliance with its credit agreement covenants over the next 12 months, which raises substantial doubt about its ability to continue as a going concern. The company said it is in discussions with its lenders.

Sales declined in Asia Pacific, North America and Europe, while South America grew. Chief executive Miguel Fernandez and chief financial officer Mariela Matute said additional restructuring actions and inventory reductions are planned in the fourth quarter.

Tupperware Promotes Hector Lezama to Chief Commercial Officer

Press Release | 11/2/2022

Tupperware Brands promoted Hector Lezama to chief commercial officer, giving him oversight of the company's commercial activity worldwide. Lezama joined Tupperware in 2020 as senior vice president of expansion and turnaround markets.

The company said the promotion is part of the next chapter of its turnaround plan, with Lezama holistically overseeing efforts to achieve sustainable growth and profitability. The appointment was announced alongside third-quarter results that included a going-concern warning.

Tupperware Launches Nationwide at Target Stores and Online

Npros.com | 10/3/2022

Tupperware Brands began selling its food storage containers in Target stores nationwide and on Target.com, marking the first time in its history that the 76-year-old brand is sold broadly in a retail store. The assortment includes a variety of container sizes and bundles priced from 7.99 dollars to 79.99 dollars.

The Target rollout follows the company's June 2022 launch on Amazon and earlier limited retail pilots with HomeGoods, Bed Bath & Beyond and Target. The move is part of a broader strategy to grow through multiple retail channels and reach younger consumers who never experienced the era of Tupperware parties.

Chief executive Miguel Fernandez said younger customers less familiar with direct sales will now find the brand at retail and can develop personal relationships from there, while customers who love Tupperware parties, in person or online, can also pick up products at a nearby store. Tupperware parties and its independent sales force will continue.

Tupperware Second Quarter Sales Fall 18 Percent to 340.4 Million

Press Release | 8/3/2022

Tupperware Brands said second-quarter 2022 net sales were 340.4 million dollars, down 18 percent from a year earlier, or 14 percent in constant currency. Gross profit was 220.7 million dollars with a 64.9 percent margin. Income from continuing operations was 4.5 million dollars, or 9 cents per diluted share, and adjusted diluted earnings per share from continuing operations were 41 cents. Net income was 1.2 million dollars, or 2 cents per diluted share.

Chief executive Miguel Fernandez said lower sales-force activity, China lockdowns, and weak European consumer sentiment weighed on results, partly offset by South America strength. The company continued its turnaround plan of right-sizing, inventory reduction, and non-core beauty divestitures after closing Nutrimetics and House of Fuller Mexico. Higher resin and logistics costs compressed margins despite pricing actions.

Tupperware Completes Sale of Nutrimetics Beauty Business to New Image Group

Press Release | 7/4/2022

New Image Group said it completed the acquisition of Tupperware Brands' Nutrimetics operations in Australia, New Zealand, and France, including related manufacturing, with an effective closing date of July 1, 2022. The purchase price was not disclosed.

Tupperware had announced a definitive agreement in June to sell the beauty business as part of its turnaround plan to exit non-core assets after previously closing the sale of House of Fuller Mexico. Nutrimetics is a long-standing direct-selling beauty brand in Australia and New Zealand with operations also in France.

New Image said the deal expands its international direct-selling footprint. For Tupperware, the closing reduces beauty-segment exposure as management focuses on the core container business, right-sizing, and liquidity under its credit facilities.

Tupperware Agrees to Sell Nutrimetics Beauty Business

Press Release | 6/7/2022

Tupperware Brands said it entered a definitive agreement to sell its Nutrimetics beauty business, which operates in Australia, New Zealand, and France. Terms and the anticipated closing date were not disclosed. The company said the sale advances its turnaround plan of divesting non-core assets after earlier sales of Avroy Shlain in South Africa and House of Fuller in Mexico.

President and chief executive Miguel Fernandez said the company remains focused on growing the core Tupperware brand and restoring sustained growth. The Nutrimetics sale follows the company's stated strategy to concentrate on its iconic household brand while exiting non-core beauty units.

Tupperware First Quarter Sales Fall 16 Percent and Withdraws 2022 Guidance

Press Release | 5/4/2022

Tupperware Brands said first-quarter 2022 net sales from continuing operations were 348.1 million dollars, down 16 percent year over year, or 14 percent in constant currency. Income from continuing operations was 2.5 million dollars, or 5 cents per diluted share. Adjusted diluted earnings per share were 12 cents. Adjusted EBITDA was 28.7 million dollars.

President and chief executive Miguel Fernandez said results missed expectations because of the Russia-Ukraine conflict, China COVID lockdowns, execution and service issues, and inflation ahead of price increases. The company withdrew its previously issued full-year 2022 guidance. It also said it expected to close the House of Fuller Mexico sale in May and was exploring sales of Nutrimetics and Nuvo.

Tupperware Names Mariela Matute Chief Financial Officer

Press Release | 5/4/2022

Tupperware Brands said it appointed Mariela Matute as chief financial officer effective May 24, 2022. Matute joined from Calavo Growers, where she served as chief financial officer and helped drive a turnaround at the fresh-foods company.

The company said Matute has more than 20 years of finance experience spanning technology, consumer, and manufacturing sectors and has overseen global finance teams across multiple continents. The appointment was announced with Tupperware's first-quarter 2022 results as the company worked through its turnaround plan.

Tupperware Fourth Quarter Continuing Sales Fall 12 Percent to 394.9 Million

Press Release | 2/23/2022

Tupperware Brands said fourth-quarter 2021 net sales were 394.9 million dollars, down 12 percent, or 10 percent in constant currency. Income from continuing operations was 19.4 million dollars, or 37 cents per diluted share, with adjusted diluted earnings of 38 cents. Adjusted EBITDA from continuing operations was 46.5 million dollars. Full-year net sales were 1.602 billion dollars, up 3 percent, with income from continuing operations of 155.6 million dollars, or 2.93 dollars per diluted share.

Chief executive Miguel Fernandez said the company was building the foundation for its turnaround plan and navigating COVID-related disruptions, especially in Asia Pacific and Europe. The company said it made progress clearing shipment backlog of more than 25 million dollars in the quarter.

Tupperware Third Quarter Continuing Sales Fall 11 Percent to 376.9 Million

Press Release | 11/3/2021

Tupperware Brands reported third quarter results from continuing operations after moving certain beauty brands into discontinued operations because they are being sold. Continuing net sales were 376.9 million dollars, down 11 percent, or 13 percent in constant currency. Income from continuing operations was 60.4 million dollars, and diluted earnings per share from continuing operations were 1.14 dollars. Adjusted diluted earnings per share were 1.19 dollars. Adjusted EBITDA was 68.9 million dollars.

Asia Pacific sales fell 13 percent, Europe 19 percent, and North America 11 percent. South America sales rose 6 percent. A loss on held-for-sale beauty assets of 148.1 million dollars, mostly accumulated currency translation that will be recognized when the sales close, produced a total net loss of 86.1 million dollars.

The company repurchased one million shares for 25 million dollars, the first buyback since 2018 and the maximum allowed under its debt covenants. Debt to EBITDA under the credit agreement was 2.28. President and chief executive Miguel Fernandez said the quarter still fit the turnaround even with pandemic effects and hard comparisons. The release also listed an ongoing commission inquiry among the risk factors.

Tupperware Elects Pamela Jones Harbour to Its Board

Press Release | 11/1/2021

Tupperware Brands elected Pamela Jones Harbour to its board, effective November 1, 2021. Harbour is a former commissioner of the Federal Trade Commission, where she served seven years, and a former deputy attorney general in the New York attorney generals office. She later practiced in antitrust, consumer protection, privacy, and data security.

Board chair Susan Cameron said the company was expanding the board as it tried to reach more consumers and needed that kind of regulatory experience. Harbour most recently led a global compliance team at Herbalife Nutrition.

The company did not announce other director changes with the election. The appointment adds a former federal consumer-protection official while Tupperware is in the middle of its turnaround and asset sales.

Tupperware Agrees to Sell House of Fuller Beauty Business in Mexico

Press Release | 10/18/2021

Tupperware Brands said it signed a definitive agreement to sell the House of Fuller beauty business in Mexico. The company called the deal part of a turnaround plan to shed assets that are not core and to put resources behind the Tupperware brand.

President and chief executive Miguel Fernandez said the sale was further progress on that divestiture goal. Price, buyer, and expected closing date were not disclosed.

The Mexico transaction follows the sale of the Avroy Shlain beauty business in South Africa earlier in 2021. Tupperware said it would keep executing the turnaround in order to return the brand to sustained growth.

Tupperware Second Quarter Sales Rise 17 Percent to 464.7 Million

SEC filing | 8/4/2021

Tupperware Brands reported second-quarter net sales of 464.7 million dollars for the period ended June 26, 2021, up 17 percent, or 10 percent in local currency. GAAP diluted earnings were 0.67 dollars a share, compared with 1.30 dollars a year earlier, when results included large one-time items. Adjusted diluted earnings rose to 0.95 dollars from 0.84 dollars. Adjusted EBITDA rose 17 percent to 95.3 million dollars. Net income was 35.6 million dollars, down from 63.8 million dollars, mainly because the prior year included gains on debt extinguishment and a property sale.

President and chief executive Miguel Fernandez said the growth reflected investment in the direct-selling core and preparation for new channels. Chief financial officer and chief operating officer Sandra Harris said the debt-to-EBITDA ratio improved to 2.05 from 4.91. Average active sales force rose 24 percent to 579,623, while productivity fell 11 percent. Europe, North America, and South America grew. Asia Pacific sales fell 7 percent.

The company also said it would amend its 2020 annual report the next day. Management concluded no restatement was required, but a footnote would disclose a 4.5 million dollar understatement of 2020 net income tied to out-of-period corrections. The amendment was also set to expand a previously disclosed material weakness and to disclose an ongoing Securities and Exchange Commission inquiry into accounting practices related to Mexico operations.

Tupperware First Quarter Sales Rise 22 Percent to 460.3 Million

SEC filing | 5/5/2021

Tupperware Brands reported first-quarter net sales of 460.3 million dollars for the period ended March 27, 2021, up 22 percent from a year earlier and up 20 percent in local currency. Net income was 45.3 million dollars, compared with a loss of 7.8 million dollars a year earlier. Diluted earnings were 0.85 dollars a share, versus a loss of 0.16 dollars a share.

President and chief executive Miguel Fernandez said the sales force used digital tools to reach more customers and that the company was building a team for new distribution channels. Average active sales force rose 16 percent and productivity rose 3 percent. North America sales rose 45 percent, South America rose 27 percent, Europe rose 20 percent, and Asia Pacific rose 4 percent.

Chief financial officer and chief operating officer Sandra Harris said turnaround savings and sales of non-core assets cut debt and supported a prospective interest-rate reduction. EBITDA rose to 88.6 million dollars from 13.6 million dollars a year earlier. The debt to debt covenant EBITDA ratio improved to 2.36 from 5.36.

Tupperware Fourth Quarter Sales Rise 17 Percent as Turnaround Savings Build

Npros.com | 3/10/2021

Tupperware Brands said fourth-quarter sales rose 17 percent from the same period in 2019. Turnaround cost savings were 72 million dollars in the quarter and 192 million dollars for the full year.

President and chief executive Miguel Fernandez said the sales force is using social media and digital tools so geography is less of a barrier, and that demand remains tied to food preparation, less food waste, and fewer single-use items. He said the company expects room to widen product categories and add places where customers can buy.

Full-year free cash flow was 197.6 million dollars, up from 137.2 million dollars. Notes due in June 2021 that carried a 4.75 percent coupon were retired and replaced with two term loans totaling 275 million dollars due in 2023. Full-year net income was 112.2 million dollars. Diluted earnings were 2.14 dollars a share, compared with 0.25 dollars in 2019. Adjusted earnings were 2.24 dollars, compared with 1.41 dollars.

Chief financial officer and chief operating officer Sandra Harris said the company cut its cost base, improved cash from operations, and refinanced debt so the turnaround plan has a stronger base.

Tupperware Closes Sale-Leaseback and Will Keep Orlando Headquarters

Npros.com | 11/2/2020

Tupperware Brands said it will stay in the Orlando area after closing a long-term sale-leaseback with O'Connor Capital Partners covering about 41 acres where its headquarters sits.

The deal transferred about 108 acres and is the first of two transactions meant to finish the sale of the company's remaining land in Central Florida to O'Connor Capital Partners. A later sale of undeveloped land around the headquarters was planned before the end of 2020. The company said selling the land fits a turnaround plan that puts capital toward stabilizing the core business and making operations more efficient.

Chief executive Miguel Fernandez said the leaseback shows a continued commitment to Central Florida and that supporting the area around headquarters will stay a priority during the turnaround.

The company has been based in the Orlando area since 1953, when founder Earl Tupper bought more than 1,300 acres of undeveloped land in what was then a small farm community. The business, then called Tupperware Home Parties, was the largest corporation in the area. The company said it remains the eighth largest publicly traded company in the Orlando area.

Peter Bergner of O'Connor Capital Partners said the firms have been partners on many properties in the Kissimmee area since 2003. Tom Roehlk, vice president of real estate development at Tupperware Brands, said a land sale of this scale matters for growth in Orange and Osceola counties.

Earlier joint work near Kissimmee included The Loop and The Crosslands, retail, dining, and entertainment sites covering more than 130 acres in northern Osceola County, and the start of a 37-acre transit-oriented project next to the Tupperware SunRail station. The company said developing the remaining acreage is expected to create construction and other jobs south of downtown Orlando and to advance the SunRail station work in Kissimmee.

Tupperware Charitable Foundation Pledges 1 Million to National Parks

Npros.com | 10/29/2020

The Tupperware Brands Charitable Foundation pledged 1 million dollars to the National Park Foundation to support waste diversion and reduction in U.S. national parks. The gift is meant to help visitors plan ahead and use reusable products.

National parks draw more than 300 million visitors a year, and at that volume the National Park Service manages nearly 70 million pounds of waste. Waste reduction is a priority under the service Green Parks Plan because it can also lower operations and maintenance costs.

As a premier partner of the foundation Resilience and Sustainability initiative, Tupperware said it will back education, reusable-product solutions, and awareness across more than 400 parks and programs. The work is expected to include product use and promotion, educational resources, and support for waste and recycling infrastructure.

Chief executive Miguel Fernandez said waste at parks is growing as more people travel locally, and that the partnership will teach the public about reusable options. He tied the gift to the brand history since 1946 and to the 75th anniversary coming in 2021.

Will Shafroth, president and chief executive of the National Park Foundation, thanked the foundation for support he said will make parks more resilient. On Giving Tuesday, December 1, Tupperware said it will donate 50 percent of the retail price of Eco Water Bottle sales to the National Park Foundation.

Tupperware Third Quarter Sales Rise 14 Percent to 477.2 Million

Npros.com | 10/28/2020

Tupperware Brands Corporation reported third-quarter sales of 477.2 million dollars, up 14 percent from a year earlier and up 21 percent in local currency. Average active sales force rose 10 percent, and sales per active sales force also rose 10 percent. The company tied that engagement to digital tools used to sell reusable products while social restrictions were in place.

President and chief executive Miguel Fernandez said the local-currency growth shows how quickly the sales force adopted digital tools during COVID-19 and how demand rose as more people cooked at home and focused on food safety and storage. He said better top and bottom line results over the past two quarters are a sign the turnaround plan is working.

By region, Asia Pacific sales were 140.1 million dollars, down 6 percent, or 7 percent in local currency. Europe was 121.2 million dollars, up 23 percent, or 25 percent in local currency. North America was 146.3 million dollars, up 42 percent, or 51 percent in local currency. South America was 69.6 million dollars, up 4 percent, or 36 percent in local currency.

Chief financial officer and chief operating officer Sandra Harris said the company is right-sizing the business, improving liquidity, and making structural changes, including sales of non-core assets, as it works to refinance obligations due in June 2021.

Patricia Stitzel Named Tupperware CEO

Press Release | 2/24/2018

Stitzel has served as the Company's President & Chief Operating Officer since October 2016. Prior to this role, she served as Group President, Americas, and in leadership positions of increasing responsibility in Europe and the United States since joining the Company in 1997. Goings has led the Company since 1992 and has served as its Chairman and Chief Executive Officer since 1997.

Commenting on her new role, Stitzel said, "I am grateful to the Board of Directors for its trust and confidence, and I am excited to lead this great Company into the future, supporting our important global purpose and executing on our strategic growth initiatives. With our high-quality and innovative products, dedicated sales force of over 3 million people and experienced global leadership team, we are poised to build upon our strong foundation in capitalizing on new and exciting growth opportunities. I thank Rick for his leadership, mentorship and friendship and look forward to his guidance as Executive Chairman through the transition."

Kriss Cloninger III, the Company's presiding director of its Board of Directors, said, "The Board is delighted to elevate an executive of Tricia's caliber to serve as President & Chief Executive Officer, as we have great confidence in her 20-year proven track record of success in building high performance teams and delivering sales and profit growth. The Board is also grateful to Rick for his strong leadership and tireless commitment and is pleased that he will continue to play a key transitional role as Executive Chairman. Rick established Tupperware as a free-standing, publicly-traded company in 1996, modernizing product offerings and expanding its portfolio. His more than twenty-five years of leadership has transformed Tupperware into an international brand that provides life-changing opportunities for its global sales force."

Goings said, "It has been a true honor to lead Tupperware Brands and I am proud of what we have accomplished for our stakeholders, especially for the women and men around the world who are part of our sales force. I look forward to transitioning the role to Tricia, who has demonstrated strong leadership abilities for the current and future needs of the Company. As Group President, Americas, she led this critical portfolio to new and impressive levels of growth. She is the right person to lead Tupperware Brands into the next era, reinforcing Tupperware's purpose of empowering women through economic opportunity."

Tupperware Named One of the Most Admired Companies in the World

Press Release | 3/5/2014

"Since last year's rankings, Tupperware has continued to make great strides in empowering women across the world to pursue their entrepreneurial and personal goals," said Rick Goings, Chairman and CEO of Tupperware Brands Corporation. "The categories for which Tupperware was recognized reflect our key business priorities, and we are honored to be ranked on Fortune's Most Admired Companies list for the seventh year in a row."

In Fortune's rankings, Tupperware was noted for the quality of its global competitiveness, ranking first within the industry in that category. An example of Tupperware's global impact, measured in 2013 by a Global Fairness Initiative study, is illustrated by this infographic showcasing the company's social and economic impact in Indonesia.

Tupperware ranked second in the categories of innovation, social responsibility and quality of products/services.

Released annually, the Fortune World's Most Admired Companies list is seen as the definitive report card on corporate reputation. The rankings reflect the observations and opinions of industry executives, directors, and analysts on multiple criteria, from investment value to social responsibility. The latest rankings can be found in the March 17, 2014 issue of the magazine, as well as online.

Rick Goings of Tupperware Named CEO of theYear

Press Release | 5/15/2013

The inaugural award honors one visionary CEO who works diligently to enhance the role of public relations within his or her organization and demonstrates a clear commitment to ensuring that the organization embraces the principles of ethical and effective public relations, in its culture, its communications and its actions.

Under Goings' leadership, Tupperware Brands, a global lifestyle solutions and beauty products company, has thrived with a multi-billion dollar portfolio and global scale of the corporation, with much of that growth coming from emerging markets. During his tenure, Goings has grown the company significantly and has contemporized its entire business model, including product lines, party selling system, and compensation and recruiting approaches.

Goings' multi-faceted commitment to philanthropic, volunteerism and cause initiatives have increased the economic stability, health and education of women ― and, by extension, their families and communities ― around the world. Last year, the company engaged the Global Fairness Initiative, a valued partner in researching and delivering sustainable approaches to economic development, in order to develop and implement an independent research study to quantify the positive economic and social impact of the Tupperware and Fuller Cosmetics business opportunities for women in Mexico.

"I am honored to receive this award from the Holmes Group, as I believe that in our changing global world, communications is more important than ever before and can help bring to the foreground important issues facing today's world," said Goings. "Our business is stronger than ever – diversified, balanced, and one that performs well in all economies, clearly illustrated by our strong geographic mix across emerging and established markets. Though the issues and challenges for women and girls around the world are still enormous, we strive to combine sustained planned efforts with passion and focus to drive progress and make our global impact a reality."

Goings joined Tupperware Brands 20 years ago. The company recently announced its first quarter earnings, which continues to yield positive results with sales up more than 10 percent in local currency in emerging markets and revenue topping $660 million. Since December, the company has seen its market cap increase to $4.3 billion. Earlier this year, FORTUNE named Tupperware Brands a World's Most Admired Company for a sixth consecutive year.

Tupperware Announces Fourth Quarter and Full Year 2012 Earnings Conference Call Webcast

Press Release | 12/12/2012

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).

Tupperware Brands to Release Second Quarter Earnings Results

Press Release | 7/3/2012

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).

Tupperware Brands Announces Upcoming Webcast

Press Release | 6/13/2012

This presentation will be webcast and available at www.tupperwarebrands.com .

Tupperware Brands Announces Upcoming Webcast

Press Release | 5/11/2012

This presentation will be webcast and available at www.tupperwarebrands.com .

Tupperware Announces Upcoming Webcast

Press Release | 4/27/2012

This presentation will be webcast and available at www.tupperwarebrands.com .

Tupperware Reports Record First Quarter Sales and Profit

Press Release | 4/25/2012

GAAP net income for the quarter of $58.3 million, or $1.02 per diluted share, compared with 2011 first quarter GAAP net income and E.P.S. of $55.8 million and $0.88 per share, respectively. Adjusted diluted earnings per share of $1.03 in the quarter was 13 cents, or 14%, better than 2011 in U.S. dollars, including a negative foreign currency impact of 6 cents. Excluding the impact of foreign exchange on the comparison, adjusted diluted earnings per share was up 19 cents, or 23%.

The Company repurchased for $50 million in the open market in the first quarter of 2012, 819 thousand shares, or 1.5% of 2011 year-end outstanding shares. Since 2007, the Company has repurchased 13 million shares for $678 million and can repurchase up to an additional $522 million of shares under its current authorization that runs until February 1, 2015. The Company expects to repurchase $25 million worth of shares in the second quarter of 2012.

Rick Goings, Chairman and CEO, commented, "I am pleased with our first quarter results including that we were able to beat the high end of our first quarter guidance range. Our emerging markets**, that generated 59% of sales in the quarter, were up 4% in dollars and 8% in local currency, and drove our overall increase as our established markets were down 3%. Taking into account the impact of the extra week on our 2011 numbers, on a run rate our emerging markets were up 14% and our established markets were up 1%++. This was in line with our longer term guidance. In particular, what gives us a high level of confidence in our future growth expectations are the solid businesses we have established in Asia and Latin America, and the rising middle class in each. According to a study done by the OECD, in Asia alone the number of people expected to rise out of poverty will swell the middle class by 2020 from just over 500 million today to 1.7 billion. These are people who want the earnings opportunity we offer and prestigious brands, like Tupperware. I'm also pleased that based on the confidence we have with our trends, we were able to maintain our full year E.P.S. outlook. In doing this, we expect to overcome incremental headwinds from foreign currencies, which are now forecast to hit us by 5 cents more than when we gave guidance on February 1st, and higher resin costs."

* Sales force statistics as collected by the Company and, in some cases, provided by distributors and sales force. The Company classifies Established Market Units as those operating in Western Europe, including Scandinavia, the United States, Canada, Australia and Japan and its remaining units as Emerging Market Units. Active Sales Force is defined as the average number of orders received per ordering cycle in each unit over the course of the quarter, and Total Sales Force is defined as the number of sales force members of the units as of the end of the quarter.

+ Local currency changes are measured by comparing current year results with those of the prior year translated at the current year's foreign exchange rates.

++ Includes the Company's assessment of the impact on the comparison of first quarter sales results of the 2011 quarter including the week between Christmas and New Year and the 2012 quarter, not including that week (defined as "run rate"). Given the level of customer orders in this time period, sales in this week are below average.

Tupperware Named One of the Most Admired Companies by FORTUNE

Press Release | 3/6/2012

Tupperware was noted for the quality of its products and services, global competitiveness and financial soundness, ranking first within the industry in those categories.

"Consistently being named to the FORTUNE World's Most Admired Companies list is evidence of Tupperware's core business: investing in economic and personal development opportunities for women globally and developing innovative, lifestyle-enhancing new products," said Rick Goings, Chairman and CEO of Tupperware Brands Corporation. "This recognition is a testament to our millions of consultants around the world who are the heart of our company and drive our business."

Released annually, the FORTUNE World's Most Admired Companies list is seen as the definitive report card on corporate reputations. The rankings reflect the observations and opinions of industry executives, directors, and analysts on nine criteria, from investment value to social responsibility.

Tupperware Names New President Daisy Chin

Press Release | 3/16/2011

Chin-Lor served as President & Managing Director of Tupperware Korea, where she led the business to double-digit growth year-over-year. During her time in Korea, she increased the size of the sales force and strengthened the management team. Chin-Lor brings a wealth of beauty, spa and direct selling experience to BeautiControl from her experiences at Tupperware Korea and her senior-level roles with companies such as Chanel, Elizabeth Arden Spas and Avon.

"Daisy has proven herself as a leader and built on her core talent and skill set with assignments in multiple functional areas on various continents," said Tupperware Brands Chairman and CEO Rick Goings. "I've known her for more than 20 years and have grown to admire her talent, her style, and her incredible energy. BeautiControl is extremely important to Tupperware Brands, and I'm confident that its future will be bright with Daisy at the helm."

Tupperware Brands also announced that Albert Bosch will transfer to Tupperware Japan as President and Managing Director, where he will be responsible for expanding the Company's business in the world's largest direct selling market.

Bosch previously served as President of BeautiControl North America, where he strengthened the management team and revamped the compensation plan for the sales force. Prior to that, Bosch was Managing Director of Tupperware Brands Mexico. In that role, he led the business to two consecutive years of strong double-digit growth in sales and profit and laid the groundwork for continued success. Bosch previously has held leadership positions in areas including marketing, strategy & business development, Internet operations and regional sales for North America and Latin America.

"Tupperware Brands has been in Japan for more than 40 years, yet our penetration there is not nearly as strong as it could be," said Goings. "There's a great opportunity there for our company, and I know Albert has the right combination of experience and leadership skills to build relationships, establish trust and energize a team to make the changes necessary to realize the market's huge potential."

Tupperware CEO Says Job Cuts Unlikely

Reuters | 1/30/2009

"The last thing to cut is your talent," Goings said in an interview at the annual meeting of the World Economic Forum in Davos, Switzerland. "This is not a time to build new factories or excess capacity, but I don't see any (need for) reengineering programmes out there for us."

Instead of cutting staff, Tupperware will trim capital spending by a third this year.

Tupperware Brands Recognized by Forbes

PR Newswire | 1/13/2009

Each year Forbes.com selects their Platinum 400, also known as the "Best Big Companies in America," measuring factors such as sales and earnings growth, debt to total capital, earnings outlook and stock market returns. The Platinum 400 companies are divided into 26 industry groups and ranked according to numerous growth rates and valuation measures. Forbes' methodology ranks companies both on one and five-year data, in order to take into account long-term success and latest performance. Guided by these rankings and other data, including analyst reviews and accounting and governance ratings from Audit Integrity, the editors select one company as the best managed for each industry.

Tupperware Receives Award for Brand Recognition

PR Newswire | 12/31/2008

Superbrands, a highly-respected organization that strives to provide recognition for exceptional brands in 82 countries, selected Tupperware as a Superbrand for the 2008 Awards in India, praising the business for its dedication and commitment to the market in India. Tupperware's rating in India falls within the top 3% of all brands across all segments and all categories. The renowned recognition is acknowledged and selected by independent judging panels of brand management experts; The Superbrands Council, and criteria is based on the establishment of a brand's reputability within an industry and a strong competitive advantage recognized by consumers.

"Tupperware has grown tremendously in several global markets, including India, China and Indonesia and it's an honor to be recognized for our success from some of the most prestigious organizations throughout the world," said Rick Goings, Chairman and CEO of Tupperware Brands Corporation. "It's still early innings for us in these emerging markets, but the brand is already recognized and respected, which is incredibly encouraging."

Tupperware Growth Lead by Beauty Sales

CosmeticsDesign.com | 4/29/2008

Overall sales grew by 19 percent for the full year to reach $543m - helped along by a 15 percent increase in the company's beauty sales and a 21 percent increase in the group sales.

The figure was positively impacted by a weakened dollar. In local currencies sales in its international businesses rose 8 - 13 percent.

Tupperware Ranks Number 2 Household Brand

PR Newswire | 3/12/2008

The Fortune "Most Admired Companies" list is the definitive report card on corporate reputations. The list is created from an annual survey conducted by Hay Group in conjunction with Fortune, of over 15,000 top executives and members of the financial sphere. High level executives, directors and analysts are asked to rate companies in their respective industries based on eight criteria: quality of management, quality of products and services, innovation, long-term investment value, financial soundness, people management, social responsibility and use of corporate assets. In order to be included in The Most Admired list, a company's score must rank in the top half of its industry survey.

Tupperware Says Business on Track for 2008

Reuters | 1/30/2008

Despite growing concerns about the threat of recession in the United States, CEO Rick Goings said fundamentals were good.

"We're in a quiet period but through the third period of reporting we said we'd be up 7 percent plus (on revenues) on the year and up double-digit profits, and if we were going to miss those levels we would pre-release," he told Reuters on the sidelines of the World Economic Forum in Davos.

Tupperware Enters New Credit Agreement

CNNMoney.com | 10/8/2007

In connection with the termination of the Company's previous credit agreement, in its third quarter ending September 29, 2007, it will record one- time costs of about $10 million, for the write off of deferred debt costs and the termination of floating-to-fixed interest rate swaps.

Tupperware Declares Dividend

Trading Markets | 8/27/2007

P.S. TUP has received a PowerRating of 5. TradingMarkets PowerRatings are a proprietary stock rating method which ranks stocks on a scale of 1-10. The higher the rating, the greater the one week historical gain has been for stocks with that rating. PowerRatings is an easy-to-use system that assigns a rating based on the relative strength or weakness of particular stocks. This rating system helps traders and investors anticipate their investment strategy over the next 1 to 5 trading days.

Tupperware Sales Boosted by Latin America

CosmeticsDesign.com | 8/5/2007

But although profit increase for the company as a whole was strong, profits for the cosmetic division was hit by restructuring in Mexico and continued investment in the booming South American market.

The company, which manufactures and markets a range of consumer goods, including food and beverage containers and associated products, together with a portfolio of beauty and cosmetic brands mainly sold through direct sales channels, said that sales for its second quarter were up 7 percent in local currency and 12 percent in US dollars to reach $492.9m.

Likewise, net income also showed a healthy rise, up from $25.2m in the corresponding quarter of 2006, to reach $35.5m, a leap of nearly 41 percent.

Tupperware Growth Continues

Chicago Tribune | 7/25/2007

Tupperware? Here's why: At a Tupperware party with her friends decades ago my mother ordered an entire set of those airtight food containers, cups and tumblers with tops.

Everything arrived in time for our annual family pilgrimage of aunts, uncles and cousins to the Lake County Fairgrounds in Crown Point, Ind. Us city kids would immerse ourselves in a whirlwind day of 4-H displays, pie competitions, farm animals, entertainment and rides.

This, of course, included the traditional family picnic. On this particular occasion my mother exuded quiet pride in her brand-new protective containers for the potato salad, coleslaw, cold cuts, sandwiches and beverages we had brought.

Tupperware in OC Register

OCRegister | 7/18/2007

It was a beautiful summer evening, and Barbara had set up on the patio. Women wore light, low-cut summer dresses and most of the men – there were a lot of men – wore linen slacks, nice loafers and Tommy Bahama-style shirts. I saw former Assemblywoman Marilyn Brewer and people who appear in the society columns.

Dee, the Tupperware "consultant" made her entrance at 6:45 p.m., walking out of the house and down the steps to the patio clad in a huge Dolly Parton wig, a red-gingham blouse tied up at her midriff, a pair of Daisy Dukes slit to her waist and red 6-inch heels. Dee, as was evident to all, was a drag queen.

Tupperware Makes Move into UK Market

Woking News and Mail | 7/9/2007

From its new 1,500 square foot warehouse and office facility on the Lansbury Estate, the kitchenware giant is hoping to make an impact under the stewardship of chief importer and distributor Janet Hall.

Advertisementyour story continues below The mother-of-two from Guildford chose Woking as the company's new base because of its convenient location.

She said: 'The business is now quite big in the UK, to the point where we needed to stop bringing stock over from France as this was taking longer to reach customers.'

Tupperware, known for marketing its products through ‘parties', has already signalled its commitment to the town, creating new jobs and using local couriers and freight carriers whenever possible.

Beauticontrol Parent Tupperware Announces Webcast

Earthtimes.org | 6/12/2007

This presentation is being webcast and can be accessed at http://www.tupperwarebrands.com/.

Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple brands and categories through an independent sales force of 1.9 million. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through its Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo and Swissgarde brands. Tupperware Brands Corporation

Tupper Ware Profits Rise in 2007

Plasteurope | 5/29/2007

Tupperware Shares Up

Reuters | 5/1/2007

LOS ANGELES, April 25 (Reuters) - Tupperware Brands Corp. (TUP.N: Quote, Profile, Research posted higher quarterly net profit on Wednesday that beat Wall Street estimates, helped by strong sales in Japan, the United States and in emerging markets.

The company also raised its full-year earnings forecast and its shares rose 6 percent in extended trading.

Known best for its food storage containers sold at in-home parties, Tupperware said net income in the first quarter was $19.6 million, or 32 cents a share, from $16.0 million, or 26 cents a share in the year-ago quarter.

Sales rose 8 percent in the quarter to $456.9 million. Strength in the U.S., Japanese, Australian and South African markets outweighed weak performance in Germany, the company said.

Tupperware Searches for Design Talent

PR Newswire | 3/7/2007

NEW YORK, March 5 /PRNewswire-FirstCall/ -- Design enthusiasts everywhere, it's time to get your imaginations in gear! Tupperware (NYSE: TUP) has announced the launch of its 2007 Translations in Tupperware(R) Global Design Contest and is challenging the public to put their creativity to work. The basis behind the design contest is simple -- entrants are asked to use Tupperware products as their motivation and inspiration for constructing a piece of artwork or unique functional product. The contest will be open to more than 20 countries around the world and all submissions must be received no later than August 31, 2007. Participants will have the chance to win a trip for two to New York City, a $2,000 cash prize, and the opportunity to have their work included in a public exhibit. Each participating country will select a winner from the following three categories: Fashion, Free Form, and Utility Object. These selected entries will continue on to New York City for a final judging event, where one top prize winner from each category will be chosen by a panel of influencers and taste makers from the design industry. Each submission requires a short essay explaining the concept behind the design, as well as a photograph of the piece. To register or to learn more about the global design contest, entrants should log onto http://www.translationsintupperware.com.

Tupperware Brands Corp Declares Quarterly Dividend

Press Release News | 2/26/2007

Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple brands and categories through an independent sales force of 1.8 million. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through its...

Huge Fire at Tupperware Plant

Eyewitness News | 11/8/2006

No injuries have been reported. Firefighters don't know what caused the fire at this time.

Tupperware Announces Small Cap Webcast

Finanzen.net | 6/10/2006

This presentation is being webcast and can be accessed at http://www.tupperware.com

in Home Sales Boom

Detroit Business News | 5/31/2006

In-home sales of makeup and intimate products boom

CARLETON -- Leslie Zay always struggled with her finances. She often had trouble making ends meet, and sometimes needed public assistance just to put food on her family's table.

Today, Zay owns her own business and collects more than $8,000 a month selling Pure Romance products such as edible body powders, lotions, videos and adult toys designed to put some extra zing in the romance department.

"My business took off right away," said Zay, a 51-year-old grandmother from Hamburg. "It's been phenomenal. It allows me the flexibility in my life to keep me happy."

Zay is among a growing number of people running their own in-home party businesses. Their motivations range from mothers who want a more flexible schedule to laid-off workers looking to replace lost wages.

And they're not just selling Tupperware and Mary Kay cosmetics anymore. Entrepreneurs are hosting in-home sales parties for everything from jewelry to candles to intimate apparel.

There's even Vantel Pearls in the Oyster Inc., where consultants bring live oysters to home parties; guests open the shells and can have the pearls they find inside appraised and set into gold rings.

Whats Up With Tupperware

The Motley Fool | 5/11/2006

For long-term holders of Tupperware (NYSE: TUP), a Motley Fool Income Investor pick, the champagne for the next Tupperware party has been held on ice. The shares have basically treaded water over the past five years, now worth less than half their 1997 prices. However, the shares may be worth a look to the value crowd, given their decent valuation and favorable dividend yield.

In the first-quarter earnings Tupperware reported April 25, sales increased 30% -- 34% on a local-currency basis. Earnings per share came in at $0.26, ahead of previous guidance of $0.22-$0.24 per share. Negative foreign exchange translations dented results by $0.04 per share.

Tupperware Launches Design Contest

Npros | 4/24/2006

NEW YORK, April 24 /PRNewswire-FirstCall/ -- Today, Tupperware® (NYSE: TUP - News) announced the launch of the 2006 Translations in Tupperware global design contest and is calling upon the public to put their creative genius to work. Entrants will be asked to create a piece of art or unique functional product using Tupperware products as the basis for their inspiration. The contest will be open to more than 27 countries around the world and all submissions must be received no later than August 17, 2006.

Entrants must also submit a photograph of their piece as well as a short essay explaining the concept behind their submission. To register or to learn more about the global design contest, entrants should log onto://www.translationsintupperware.com. Participants will have the chance to win a trip for two to New York City, a $5,000 cash prize, and the opportunity to have their work included in a worldwide traveling exhibit.

Tupperware gives itself a face-lift

The Pueblo Chieftain | 4/20/2006

Chief executive Rick Goings said that the rapidly growing beauty segment likely will dominate Tupperware Brands ‘before I leave here.'

ORLANDO, Fla. - With the lights dimmed and New Age music playing in the background, Kemper Bushnell is leading a group of women though a series of breathing exercises.

‘‘Breathe in through your nose and put your hand on your stomach to feel your breath,'' Bushnell says to the group gathered in a living room in a suburban east Orange County, Fla., home.

While Bushnell's instructions are designed to relax, they're also part of her pitch.

An independent director of a sales team for BeautiControl, a line of beauty and skin-care products owned by Tupperware Brands, Bushnell is putting on a so-called ‘‘spa escape party'' designed to sell items ranging from chilled eye pads with cucumber-ivy extracts to frozen margarita foot cream.

The party represents part of a multiyear makeover at Tupperware, the Orlando-based company that has been trying to shed its 1950s-era image of homemakers peddling milky-white bowls in tract homes.

Already, Tupperware has changed the look and feel of its parties, updated and expanded its traditional product line to include colorful bowls and stylish kitchen goods, expanded into foreign markets and pushed into the cosmetics business with the purchase of BeautiControl. Furthering its transformation, Tupperware agreed to pay an estimated $566 million in August for the overseas direct-selling beauty business of Sara Lee Corp.

Tupperware struggles to reinvigorate its empire

MSNBC | 3/19/2006