ORLANDO,
Fla., June 7, 2022 /PRNewswire/ -- Tupperware
Brands Corporation (NYSE: TUP), a leading global consumer products
company, announces today that it has entered into a definitive
agreement for the sale of its Nutrimetics beauty business, which
operates in Australia,
New Zealand, and France. This transaction advances the
Company's turnaround plan strategy of divesting non-core assets.
Terms of the transaction, including the anticipated closing date,
have not been disclosed. The sale of the Nutrimetics beauty
business follows the Company's sale of its Avroy Shlain beauty
business in South Africa during
the first quarter of 2021, and the sale of its House of Fuller
beauty business in Mexico during
the second quarter of 2022.
"We are pleased to have reached agreement to sell our
Nutrimetics beauty business," said Miguel
Fernandez, President and Chief Executive Officer of
Tupperware Brands. "We remain focused on executing on our
turnaround plan, and the sale of our non-core assets, including
Nutrimetics, aligns with this strategy by enabling the Company to
increasingly focus on growing our core Tupperware brand. Our goal
remains unchanged: to restore this iconic brand to sustained growth
and deliver increased value to all stakeholders. This transaction
represents yet another milestone along that path."
About Tupperware Brands
Corporation
Tupperware Brands Corporation (NYSE: TUP) is a leading global
consumer products company that designs innovative, functional and
environmentally responsible products that people love and trust.
Founded in 1946, Tupperware's signature container created the
modern food storage category that revolutionized the way the world
stores, serves and prepares food. Today, this iconic brand has more
than 8,500 functional design and utility patents for
solution-oriented kitchen and home products. With a purpose to
nurture a better future, Tupperware® products are an
alternative to single-use items. The Company distributes its
products into nearly 70 countries primarily through independent
representatives around the world. For more information, visit
Tupperwarebrands.com or follow Tupperware on Facebook, Instagram,
LinkedIn and Twitter.
Investors: Alexis Callahan,
alexiscallahan@tupperware.com, 321.588.5129
Media: Cameron Klaus, cameronklaus@tupperware.com,
407.371.9784
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SOURCE Tupperware Brands Corporation