Tupperware filed for Chapter 11 bankruptcy due to declining sales and an increase in competition from other brands.

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Chapter 11 bankruptcy protection earlier this month. It plans to close more than 300 stores as part of its restructuring. Stay on top of the latest real estate news by signing up here for The National Observer: Real Estate Edition.

The company that owns Tupperware, the iconic food storage and kitchen products business that has been around for nearly 80 years, filed for Chapter 11 bankruptcy in Delaware on Tuesday, officials said.

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.

Kissimmee-based Tupperware plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just

Fans are mourning the failure of the famous brand, a longtime kitchen staple hailed around the world for its durability.

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

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

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