Tupperware’s Search for Liquidity Due to Changing Customer Preferences
Tupperware warns of collapse unless it finds funds.
Failure to adapt to changes in how products are designed and distributed (change in customer preferences)
Renegotiation of loans and higher interest costs (impacting cash flow)
Forecasts indicate that it “may not have adequate liquidity2 in the near term”
Exploring options to sell property and cut jobs (expenses) to raise funds and retain cash
Tupperware warns of collapse unless it finds funds, BBC, April 11, 2023.
Distribution refers to the method(s) through which businesses provide products & services to customers e.g., online, physical stores (‘bricks & mortar’) or retailers (3rd parties). 2. Liquidity describes the ability for a business to meet (pay) its short-term obligations e.g., salaries, suppliers and taxes.
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