Tupperware May File For Bankruptcy. Here Are 5 Companies That Already Have This Year

Group 1 - Tupperware Brands plans to file for bankruptcy as early as this week, facing significant financial struggles [1][2] - The company has over $700 million in debt and has violated loan agreement terms, raising doubts about its ability to continue operations [2] - Other notable brands, including Red Lobster, Joann, Express, 99 Cents Only, and Chicken Soup for the Soul Entertainment, have also filed for bankruptcy this year [1][2] Group 2 - Red Lobster declared bankruptcy in June, closing at least 50 locations and seeking permission to close 100 more due to management issues and failed promotions [3] - Joann filed for bankruptcy in March, resulting in a restructuring deal that reduced its $505 million debt while keeping its 815 stores open [4] - Express filed for bankruptcy in April and was subsequently acquired by a consortium led by WHP Global, following its acquisition of the Bonobos brand for $25 billion [4] - 99 Cents Only declared bankruptcy in April, with nearly 200 stores reopening as Dollar Tree locations post-proceedings [5] - Chicken Soup for the Soul Entertainment, parent of Redbox, filed for bankruptcy in June, owing millions to over 500 creditors, leading to the liquidation of its Redbox kiosks [6]