OSCEOLA COUNTY, Fla. — Tupperware and some of its subsidiaries have filed for Chapter 11 bankruptcy protection.
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The company and its sales parties announced the filing in a statement on Tuesday.
The Osceola County-based company is seeking court approval to facilitate a sale process for the business.
Read: Who wants a piece of Tupperware?
It also wants approval to continue operating during bankruptcy proceedings.
Tupperware was founded in 1946.
Read: Buyer could acquire Big Lots in $760M deal; set to close 4 area stores
It has struggled with declining sales in recent years.
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