Tupperware Plunges After Substantial Going-Concern Doubt (1)

(Updates to add latest trading.)

Tupperware Brands Corp. shares are falling 40% in US premarket trading as of 8:14 a.m. in New York, after the company said that it has engaged financial advisers to “help improve its capital structure and remediate its doubts regarding its ability to continue as a going concern.”

• READ MORE: April 7, Tupperware Brands Sees ‘Substantial’ Going-Concern Doubt
  • TUP said there is “substantial doubt about its ability to continue as a going concern” in the release
• Shares were down 42% so far this year

To contact the reporter on this story:
Bre Bradham in New York ...