DStv Channel 403 Saturday, 23 November 2024

Tupperware party comes to an end

UNITED STATES - Plastic container maker Tupperware could be nearing the end of its shelf-life following a sharp drop in its stock price.

For over 75 years the brand has been synonymous with preserving leftovers but a crowded marketplace and shifting consumer behavior has left Tupperware out in the cold.

READ: Cashbuild sales dip as inflation, interest rates bite

Many analysts say its unique marketing practices have grown stale.

In a statement, a Tupperware spokesperson says the company has been impacted by the pandemic, inflation, and high-interest rates.

Watch the video above for more details. 

 

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