Tupperware, the iconic food storage and kitchen tool brand, filed for Chapter 11 bankruptcy protection on Monday. Tupperware and its eight subsidiaries currently hold somewhere between $500 million and $1 billion in assets ($7.

Tupperware will seek court approval to start a sale process for the business to protect its brand and advance its “transformation into a digital-first, technology-led company,” the company said.

NEW YORK — Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection.