{"id":200041,"date":"2023-04-12T08:09:33","date_gmt":"2023-04-12T15:09:33","guid":{"rendered":"https:\/\/www.shockya.com\/news\/?p=200041"},"modified":"2023-04-12T08:09:33","modified_gmt":"2023-04-12T15:09:33","slug":"the-biden-recession-is-killing-an-age-old-brand","status":"publish","type":"post","link":"https:\/\/www.shockya.com\/news\/2023\/04\/12\/the-biden-recession-is-killing-an-age-old-brand\/","title":{"rendered":"The Biden Recession is killing an age old brand"},"content":{"rendered":"<p><a href=\"https:\/\/www.shockya.com\/news\/wp-content\/uploads\/Tupperware.png\"><img decoding=\"async\" src=\"https:\/\/www.shockya.com\/news\/wp-content\/uploads\/Tupperware.png\" alt=\"\" width=\"700\" class=\"alignnone size-full wp-image-200042\" srcset=\"https:\/\/www.shockya.com\/news\/wp-content\/uploads\/Tupperware.png 803w, https:\/\/www.shockya.com\/news\/wp-content\/uploads\/Tupperware-300x202.png 300w, https:\/\/www.shockya.com\/news\/wp-content\/uploads\/Tupperware-768x517.png 768w\" sizes=\"(max-width: 803px) 100vw, 803px\" \/><\/a><\/p>\n<p>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.<\/p>\n<p>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&#8217;s main line of credit.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tupperware Brands, which experienced a resurgence during the pandemic, is now pursuing investors to keep it afloat and is in danger of being delisted by the New York Stock Exchange. <a href=\"https:\/\/t.co\/rFzq8ZXoeX\">https:\/\/t.co\/rFzq8ZXoeX<\/a><\/p>\n<p>&mdash; The Associated Press (@AP) <a href=\"https:\/\/twitter.com\/AP\/status\/1645883251783868417?ref_src=twsrc%5Etfw\">April 11, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/p>\n<p>The <a href=\"https:\/\/www.filmon.com\/search\/vod?term=Orlando\">Orlando<\/a>-based company announced it was seeking to improve its capital structure in order to &#8220;remediate its doubts regarding its ability to continue as a going concern.\u201d&#8221;<\/p>\n<p>It&#8217;s sad to see such an iconic brand struggling. I hope they can find a way to turn things around.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s main line of credit. Tupperware [&hellip;]<\/p>\n","protected":false},"author":74,"featured_media":200042,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"apple_news_api_created_at":"2023-04-12T15:09:47Z","apple_news_api_id":"8577f2cc-d523-4649-b01c-92d023278fe0","apple_news_api_modified_at":"2023-04-12T15:09:48Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AhXfyzNUjRkmwHJLQIyeP4A","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":["https:\/\/news-api.apple.com\/sections\/a256d957-d5f8-3bec-b93f-7f862cadbf92"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[44712,1],"tags":[46651],"class_list":["post-200041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial","category-news-release","tag-tupperware"],"apple_news_notices":[],"yoast_head":"<!-- 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