Insolvency at Tupperware Austria: License not extended, crisis threatens!

Insolvency at Tupperware Austria: License not extended, crisis threatens!

Österreich - Tupperware Austria is on the abyss: The turbulent story of a once popular manufacturer of clinged tin could finally come to an end. On January 9, 2025, it was announced that the company was standing for the continuation of its business due to the expiry of licenses at the parent company in the United States. The creditre reform, the creditor protectors, estimate the debts registered to date to 9.3 million euros, with around 3 million euros being disputed. The desired renovation plan, which should be coordinated on Thursday, lies in the stars, as the Krone reports.

The license drama

The license for the distribution of Tupperware products in Austria expired on January 8, 2025, and instead of an extension, the company is now forced to hire all sales activities. According to Stephan Mazal of Creditreform, there were intensive negotiations on the license extension, but without success. "As of today, Tupperware products may no longer be sold," said Mazal. Tupperware Österreich GesmbH had already filed for bankruptcy in October 2024 and employed around 16 people in a positive business company who implemented up to 670,000 euros per month. But without a functioning license, the signs are on liquidation, which means that the creditors can be given a quota of less than 20 percent, as reported.

The company's international interdependencies have a complex Situation: In November 2024, the parent company in the United States was on the way to the chapter 11 procedure, which was, however, rejected. A sale to an investor was able to save the US operations, but European business remains without a solution. As of Kurier , the entire European strategy after the run of the license is unclear, which leads to the future of the future of Tupperware. While the creditor does not fuel optimism, hopes for a possible return to the market remain a long way.