Tupperware Brands’ options are looking less airtight. The U.S.-based maker of reusable plastic containers, which chemist Earl Tupper founded in 1946 after taking inspiration from the design of paint can lids, cited “substantial doubt” on Friday about its ability to continue as a going concern, sending its share plummeting 48% on Monday. As with other direct selling companies, it casts doubt over its business model, as well as how speedily it can remake itself as consumer habits shift.
High-end interior design group Design Holding, which last year picked banks for a possible market listing, said on Wednesday its pro-forma revenues rose by 15.7% to 877 million euros ($960 million)in 2022, after the acquisition of Denmark's Designers Company.
The European Union is set to begin negotiations on a law to slash the use of super-potent greenhouse gases in fridges and air conditioners, but countries and lawmakers are split over how fast to phase them out.
There will be no more rummaging in the bottom of your bag for a forgotten hand cream or water bottle at London City Airport after it became the first of the capital's hubs to scrap the 100ml liquid limit rule.
China was strongly dissatisfied with Japan's export restrictions on chip manufacturing equipment, Chinese foreign ministry spokesperson Mao Ning said on Monday.