Post by ItsJoanNotJoAnnWhat will you be having for supper tonight on this last day of
summer in the northern hemisphere?
I'm having Leo's Shrimp Bisque tonight. Last week at Aldi I
bought a stick/wand blender and I will try it out on this
dish for the chopped tomatoes, celery, and onions. Most
likely dessert will be a banana later.
A hamburger and fries here...
Have stuff to make chili and chicken/vegetable stew, but it's still in
the 80's here, so will make those when it gets cooler...
OH, Joan did you see this about Tupperware, another iconic brand bites
the dust:
www.lthforum.com/bb/viewtopic.php?f=16&t=47367&sid=95d1fe4cc67854125f02d2b8f5c1672a
"Tupperware Brands, the company that revolutionized food storage decades
ago, has filed for Chapter 11 bankruptcy protection.
Orlando, Florida-based Tupperware plans to continue operating during the
bankruptcy proceedings and will seek court approval for a sale, "in
order to protect its iconic brand," the company said just before
midnight on Tuesday...
The company is seeking bankruptcy protection amid growing struggles to
revitalize its business. Tupperware sales growth improved some during
the early days of the COVID-19 pandemic, but overall sales have been in
steady decline since 2018 due to rising competition. And financial
troubles have continued to pile up for the company...
Doubts around Tupperware's future have floated around for some time.
Last year, the company sought additional financing as it warned
investors about its ability to stay in business and its risk of being
delisted from the New York Stock Exchange...
In Tuesday's bankruptcy petition, Tupperware reported more than $1.2
billion in total debts and $679.5 million in total assets. Shares for
the company have fallen 75% this year and closed Tuesday at about 50
cents apiece...
In the 1940s, a man named Earl Tupper invented a product that would
transform how Americans store their food. Women started selling his
airtight plastic containers, dubbed “Tupperware,” to their friends and
neighbors. Soon, the product was everywhere—but by the 1980s, once
Tupperware’s patents started to expire, so were the copycats. This week,
after years of struggling to keep up with competitors, the company
behind Tupperware filed for bankruptcy...
Even as America entered a “golden age for food storage,” as Amanda Mull
put it in The Atlantic earlier this year, Tupperware fell into some of
these traps. Tupperware’s competitors have pulled ahead by making either
higher-priced glass containers that appeal to sustainability-minded
consumers—and look chicer in the modern fridge than old-school
Tupperware—or cheaper, lighter alternatives, Amanda noted. Tupperware,
it seems, got stuck in the middle: It didn’t meaningfully modernize its
design, but it also wasn’t all that cheap..."
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GM