Schoenherr advises Tupperware Oesterreich on its restructuring proceedings without self-administration.
The Tupperware Group employs 5,450 people across 41 countries and approximately 465,000 independent sales consultants. The company was founded in 1938 by Earl Tupper.
According to Schoenherr, "restructuring proceedings without self-administration were opened over the assets of Tupperware Oesterreich due to the economic situation of its (indirect) parent company Tupperware Brands Corporation and the Tupperware group. Despite extensive restructuring efforts, Tupperware Brands Corporation had to file for Chapter 11 reorganization proceedings in September 2024. Consequently, the Austrian company also had to file for insolvency. Tupperware Oesterreich continues operations in the ongoing restructuring proceedings."
The Schoenherr team included Partner Miriam Simsa and Associate Christian Cacic.
