TUPPERWARE Brands Corp, which has warned of a possible bankruptcy, said on Monday it signed on investment bank Moelis & Co LLC to help explore strategic alternatives, and added it has also found additional prior period misstatements in its financial reporting. Shares of the company, known for its bright-colored plastic airtight containers, fell more than 6% to $1.02 in premarket trading. Orlando, Florida-based Tupperware in April raised doubts about its ability to continue as a going concern, as it struggled to contain a slump in sales amid a surge in usage of free restaurant to-go boxes and rising competition from cheaper food storage containers.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-05-09-story-h-271450438-Tupperware_brings_on_Moelis_Co_to_help_explore_strategic_alternatives

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