Legendary food storage brand Tupperware has hired advisers to help turn around the company after notifying securities regulators it may have to close up shop.

Tupperware issued a going-concern notice after warning it could be heading for a default if its lenders demand payment for maintaining access to the company’s main line of credit.

Tupperware Brands, which experienced a resurgence during the pandemic, is now pursuing investors to keep it afloat and is in danger of being delisted by the New York Stock Exchange. https://t.co/rFzq8ZXoeX

— The Associated Press (@AP) April 11, 2023

The Orlando-based company announced it was seeking to improve its capital structure in order to “remediate its doubts regarding its ability to continue as a going concern.””

It’s sad to see such an iconic brand struggling. I hope they can find a way to turn things around.