Tupperware Brands Divests Nutrimetics Beauty Business For Undisclosed Sum

by Shivani Kumaresan, Benzinga Staff Writer
June 7, 2022 10:53 AM | 1 min read |
  • Tupperware Brands Corp 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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