files-for-bankruptcy-company

Tupperware, pioneer of food storage and sales parties, files for bankruptcy

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Tupperware, pioneer of food storage and sales parties, files for bankruptcy

Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Tupperware, based in Orlando, Fla., 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 before midnight on Tuesday.  The company … Read more

Seafood chain Red Lobster will ask Canadian court to enforce U.S. bankruptcy in Canada

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Seafood chain Red Lobster will ask Canadian court to enforce U.S. bankruptcy in Canada

Days after Red Lobster filed for Chapter 11 bankruptcy and announced that it would close dozens of its seafood restaurants, the chain’s Canadian counterpart will ask a Canadian court to enforce the U.S. bankruptcy in Canada, CBC News has learned. An application will be brought before the Ontario Superior Court of Justice on May 28 … Read more