this post was submitted on 18 Sep 2024
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Economics
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It’s all intentional. Tupperware, just like Red Lobster, Toys R Us, and every other high profile corporate bankruptcy where you just go “what were they thinking?”.
They were taken over by Boston Consulting Group, stripped for parts (any remaining $), stole the land, and rolled the debt into bankruptcy.
It’s so extreme it sounds like some shadowy cnspiracy but this is all public, verifiable information. All these companies either directly brought in BCG or their executive teams were BCG plants.
Welcome to the efficient market of capitalism.