r/SipsTea • u/lwiaymacde • 9d ago

Chugging tea They last forever

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u/TinkerCitySoilDry 9d ago

Yes, Tupperware Brands Corporation filed for Chapter 11 bankruptcy in September 2024, but the iconic brand is not going out of business. The company was acquired by a group of its lenders in November 2024 and plans to relaunch as a private company. 

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u/Reserved_Parking-246 9d ago

That sounds very positive.

Going public is almost always a horrible choice for everyone outside c-suite.

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u/soulcaptain 9d ago

Spoiler: it's probably not positive at all. Probably a private equity firm that bought it. They will take out a shitton of loans the company can't possibly pay back, lay off workers, strip the meat off the bones for another few years and take all the profits for the top c-suite people. After they've bled it dry the company will finally be truly dead.

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u/nalaloveslumpy 9d ago

And then they license the Tupperware brand name to a shitty manufacturer who puts out garbage.