By Jordan Valinsky | CNNTupperware shares fell nearly 50% Monday following a bleak warning that its future is looking murky. Tupperware said it won’t have enough cash to fund its operations if it doesn’t secure additional money. The company said it is exploring potential layoffs, and it’s reviewing its real estate portfolio for potential money-saving efforts. The New York Stock Exchange also warned that Tupperware’s stock is in danger of being de-listed for not filing a required annual report. Tupperware said the entry into Target is part of the brand’s reinvention, which includes plans to grow the business through multiple retail channels and get its products in front of younger consumers who’ve never even heard of Tupperware parties.

Source: CNN April 10, 2023 20:10 UTC