Bankruptcy

The category experienced both highs and lows since the pandemic hit. But as sales start to tick up once again, retailers face new challenges.

Sept 18 (Reuters) - Tupperware Brands (TUP.N), opens new tab filed for bankruptcy protection in Delaware late on Tuesday, succumbing to mounting losses due to poor demand for its once popular colorful food storage containers.

Disruptions in the global supply chain have damaging effects—delayed shipments, empty shelves, businesses scrambling to keep up. It affects everyone, but for businesses, the impact is devastating.

RapidRatings Executive Chairman James Gellert spoke to Bloomberg Law on the state of private company distress. Research by RapidRatings and Marblegate Asset Management highlighted that a large portion of middle market companies (the backbone of supply chains and vendor ecosystems for the world’s largest companies) are collapsing under today’s conditions.