Laurie Ann Goldman Appointed as new CEO of Tupperware
Tupperware Brands, a famous company known for its plastic food containers, has appointed an experienced consumer products executive as its new CEO. This decision comes as the company faces challenges staying afloat. Goldman has previously led companies like Spanx and Avon North America. The company has also appointed three new directors to its board as part of its plan to turn things around.
Tupperware, which is 77 years old and renowned for its containers and sales parties, had financial difficulties. Last year, it began selling its products in Target stores, a significant change from its traditional sales approach. However, these efforts might not have been enough to keep up with changing consumer preferences and fierce competition.
In August, Tupperware managed to improve its financial situation by reaching agreements with creditors to reduce debt obligations, secure new funding, and extend payment deadlines, which gave the company a new chance at survival.