Troubled Tupperware seeks financing to stay afloat

Tupperware products (AP)

Despite experiencing a resurgence during the pandemic, food storage firm Tupperware is now pursuing investors to keep it afloat and is in danger of being delisted by the New York Stock Exchange.

Shares of Tupperware Brands tumbled nearly 50% on Monday after the company said late last week that it had engaged financial advisers to help it secure financing and “remediate its doubts regarding its ability to continue as a going concern”.