Once a staple household product for midcentury families, Tupperware said in a court filing that its focus on direct sales ultimately became a weakness. Tupperware Brands Corporation (NYSE: TUP), owner of the iconic food storage brand Tupperware,

NEW YORK — Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection.

Despite sales booming during the pandemic, the company raised "substantial doubt" about its ability to keep its operations going.