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Benzinga

Business

Shivani Kumaresan

Tupperware Brands Divests Nutrimetics Beauty Business For Undisclosed Sum

TUP Tupperware NYSE Tupperware Brands Corp Australia France New Zealand

Tupperware Brands Corp (NYSE:TUP) has agreed to sell its Nutrimetics beauty business, which operates in Australia, New Zealand, and France.
Terms of the transaction, including the anticipated closing date, have not been disclosed.
The deal is a part of Tupperware's turnaround plan strategy of divesting non-core assets.
The sale follows the company's sale of its Avroy Shlain beauty business in Q1 2021 and House of Fuller beauty business in Q2 2022.
Price Action: TUP shares are trading higher by 0.99% at $6.37 on the last check Tuesday.

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