Tupperware, one of the brands that revolutionized U.S. retailing with its famous sales parties, is entering Chapter 11 after attempts to turn the business around.

Tupperware filed for Chapter 11 bankruptcy due to declining sales and an increase in competition from other brands.

Related: Popular Asian restaurant chain files for Chapter 11 bankruptcy Some of the most well-known multi-level marketing companies include the industry leader Amway, which started in 1959 and sells nutrition,

Tupperware is best known for its once-iconic, colorful food storage containers. Here's what we know so far after the company filed for bankruptcy.

Chapter 11 bankruptcy protection earlier this month. It plans to close more than 300 stores as part of its restructuring. Stay on top of the latest real estate news by signing up here for The National Observer: Real Estate Edition.

Tupperware — the company that sells those nostalgic, lidded plastic containers from your youth — is trying to file for bankruptcy after years of financial ups and downs.

Fast casual chain BurgerFi has filed for Chapter 11 bankruptcy Wednesday after months of reporting financial distress.

Tupperware, the iconic food storage and kitchen tool brand, filed for Chapter 11 bankruptcy protection on Monday. Tupperware and its eight subsidiaries currently hold somewhere between $500 million and $1 billion in assets ($7.

Kissimmee-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