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Benzinga
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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