• Tupperware Brands Corp. filed for Chapter 11 bankruptcy in Delaware due to a challenging macroeconomic environment and declining demand for its products.
• The bankruptcy filing aims to provide flexibility for Tupperware's transformation into a digital-first, technology-driven organization while maintaining operations and serving stakeholders.
• Tupperware, founded in 1942 by Earl Tupper, popularized food storage containers through "Tupperware parties" by the pioneering saleswoman (and eventual company vice president) Brownie Wise.

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