Tupperware preparing to file for bankruptcy as soon as this week, Bloomberg says

Tupperware Brands is preparing to file for bankruptcy as soon as this week, people with knowledge of the plans told Bloomberg’s Eliza Ronalds-Hannon and Reshmi Basu. Following a years-long effort to revive the business amid waning demand, the home-goods brand is planning to enter court protection after it breached the terms of its debt and enlisted legal and financial advisers, the report said.