Tupperware’s Gauteng head office and distribution centre up for sale
Tupperware has placed its industrial property and head office in Brakpan on the market for an undisclosed amount, as it looks to dispose of non-core assets amid liquidity concerns. Earlier this year, the NYSE-listed company informed investors of its liquidity challenges, which at the time posed a risk to its ability to fund its operations. As such, the group said it was engaging its financial advisors to find solutions that would improve the company’s capital structure and near-term liquidity.