The once-mighty kitchenware company has struggled financially for years. It says the direct sales model that fueled its success has become a weakness.

"We plan to continue serving our valued customers with the high-quality products they love and trust throughout this process."Over the last several years, the company's financial position has been severely impacted by the challenging macroeconomic environment.

Tupperware, the international brand that designs, manufactures and distributes food storage containers, has filed for Chapter 11 bankruptcy protection amid declining sales, the company announced Tuesday.

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Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection.

The homeware brand synonymous with cold leftovers has faced declining sales and aims to sell itself out of chapter 11.

Tupperware Brands filed for bankruptcy protection in Delaware late on Tuesday, succumbing to mounting losses due to poor demand for its once popular colorful food storage containers. Its popularity ex

Tupperware, which has been around for 80 years, is filing for Chapter 11 bankruptcy as sales have dropped recently. The company says it intends to keep going as it looks for a new owner.

Tupperware Brands, the Orlando, Florida-based consumer goods company that produces the iconic line of containers, said it was seeking Chapter 11 bankruptcy protection after struggling to revitalize its core business and failing to secure a tenable takeover offer.

Tupperware — the company that sells those nostalgic, lidded plastic containers from your youth — is trying to file for bankruptcy after years of financial ups and downs.

Tupperware has shockingly filed for bankruptcy, and the brand now scrambles to find a buyer in order to continue making its iconic products.