Legendary food storage brand Tupperware has hired advisers to help turn around the company after notifying securities regulators it may have to close up shop.

Tupperware issued a going-concern notice after warning it could be heading for a default if its lenders demand payment for maintaining access to the company’s main line of credit.

The Orlando-based company announced it was seeking to improve its capital structure in order to “remediate its doubts regarding its ability to continue as a going concern.””

It’s sad to see such an iconic brand struggling. I hope they can find a way to turn things around.

By Grady Owen

After training a pack of Raptors on Isla Nublar, Owen Grady changed his name and decided to take a job as an entertainment writer. Now armed with a computer and the internet, Grady Owen is prepared to deliver the best coverage in movies, TV, and music for you.