Tupperware has warned that it could be going out of business.
Whether it was for leftover pasta, noodles or even soup - Tupperware has been a core staple in all of our kitchens since the 1940s, when it first sky-rocketed to success.
From the 'Tupperware parties' of the 1950s and 1960s to its recent expansion into grills and cooking products - the brand has a very long history indeed.
However, recent events could see the 77-year-old company go bust after they revealed that shares had plummeted by an astronomical number.
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The news comes just three years after the company had a huge spike in sales during the pandemic as people began trying their hand at home-cooking and needed food storage for their banana bread leftovers.
Tupperware revealed in a filing last week (7 April) that certain conditions and events 'raise substantial doubt about the Company's ability to continue as a going concern'.
The company also noted that if the company doesn't end up obtaining adequate resources or changes to its credit agreements then the business 'may be forced to discontinue its operations entirely'.
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According to the filing, shares of the direct marketing company had nosedived by nearly 50 percent to just $1.22 a share.
Tupperware also added that it had been struggling with higher interest costs on its borrowings as they try to turn their business around.
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The statement went on to explain that Tupperware is working with financial advisors to hopefully bring about some extra money and investment.
In a statement released on Friday, Miguel Fernandez, Tupperware Brands CEO, explained: "Tupperware has embarked on a journey to turn around our operations and today marks a critical step in addressing our capital and liquidity position.
"The Company is doing everything in its power to mitigate the impacts of recent events, and we are taking immediate action to seek additional financing and address our financial position."
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And let's just say people have a lot to say about the brand possibly coming to an end.
Many seemed to react to the news by pulling out their best dad jokes.
One Twitter user joked: "My mother will not be able to container self."
"I thought their business plan was airtight," wrote a second, while a third chimed in with: "Tupperware fallout hard to contain."
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Others, however, clearly took the news a little more serious.
"Their products are up in the god tier rankings of durability," one person commented, "you could build a house in Tupperware, Nokia and Toyota Hilux. This is a sad day."
It sure is.
Rhiannon Ingle