Shares of Tupperware Brands, producer of kitchen supplies, fell on Wall Street on Monday. The company announced that it has hired financial advisors to allay investors’ doubts about the company’s continuity. Tupperware lost nearly 49 percent of its stock market value in one day. The stock, which was still above $20 in April, closed at $1.24 on Monday.
Things have not been going well for a long time with the maker of kitchen supplies such as fresh food jars and cooking sets. However, the company did good business during the corona pandemic because more people ate at home and sales of kitchen supplies peaked. However, the group failed to replace the well-known Tupperware parties in people’s homes with online meetings.
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