Tupperware Brands, the kitchen staple in almost every household, has filed for bankruptcy after struggling with less demand for its food storage containers, eventually leading to losses. Since the news broke, social media has not stopped buzzing with memes and posts around the US brand. While for some it is difficult to bid farewell to a brand they grew up with, others share lighthearted posts and jokes.
Best posts on Tupperware bankruptcy
#Tupperware files for bankruptcy.
Meanwhile Punjabi bebes… pic.twitter.com/rDOfCBaf70
— GSK (@GSVKapoor) September 18, 2024
A user wrote, “Tupperware has filed for bankruptcy. Their products are too good that customers don’t need to buy more!”
Tupperware has filed for bankruptcy.
Their products are too good that customers don’t need to buy more! pic.twitter.com/R1ftvWeezf
— Rishi Bagree (@rishibagree) September 18, 2024
Another user wrote, “You know why Tupperware is having to file for bankruptcy? Look at these damn prices. There’s no way my mom went to those parties in the 90’s and paid that much for our popcorn puke bowl!”
You know why Tupperware is having to file for bankruptcy?
Look at these damn prices. Theres no way my mom went to those parties in the 90’s and paid that much for our popcorn puke bowl! pic.twitter.com/Gxpm5dE5b7
— ☕️🫖✨🌻Haley🌻✨🫖☕️ (@HaleyDeanna173) September 18, 2024
Indians Moms right now https://t.co/cB6uWYztQr pic.twitter.com/hOoV9lX8Y2
— Pritika Kothari (@pritika_9) September 18, 2024
“One thing that didn’t work in favour of Tupperware is their durability. They were sturdy, loyal, stood the heat and test of times, stayed in your kitchen despite being faded and scratched, proving their utility,” a user wrote in an emotional post.
One thing that didn’t work in favour of Tupperware is their durability. They were sturdy, loyal, stood the heat and test of times, stayed in your kitchen despite being faded and scratched, proving their utility.
You kept adding shiny new boxes, replacing them with newer ones as…
— Gee (@MusingGee) September 18, 2024
According to the court filings, Tupperware has $812 million in debt, Reuters reported. The company will continue operations and additionally conduct a 30-day bidding process to find a buyer.
“Even with a recently restructured balance sheet and a temporary financial boost, Tupperware’s high leverage, declining sales and shrinking profit margins were too much to overcome,” said James Gellert, executive chairman at financial analytics firm RapidRatings, as reported by Reuters.
The company was founded in 1942 by Earl Tupper, who invented plastic containers from waste polyethylene slag, generated from the oil refining process at DuPont’s factory.
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Tupperware bankruptcy ignites emotional tributes and meme frenzy; best ones here – The Indian Express
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