Press Release: Dream Impact Trust Reports Fourth -2

Reuters

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Tupperware Brands Corp - New Tupperware Company To Be Privately Held

Reuters

Tupperware Brands

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Oct 22 (Reuters) - Tupperware Brands Corp TUPBQ.PK:

TUPPERWARE BRANDS CORPORATION REACHES AGREEMENT TO FORM THE NEW TUPPERWARE COMPANY
TUPPERWARE BRANDS CORP - NEW TUPPERWARE COMPANY TO BE PRIVATELY HELD
TUPPERWARE BRANDS CORP - TRANSACTION INCLUDES SALE OF INTELLECTUAL PROPERTY AND OPERATING ASSETS
TUPPERWARE BRANDS CORP - NON-CORE MARKETS WITH HEAVY LIABILITIES TO WIND DOWN

Source text for Eikon: (Full Story)

Further company coverage: TUPBQ.PK

(( Reuters.Briefs@thomsonreuters.com ;))

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Successfinder Unveils New Solution Set To Revolutionize Employee Engagement And Leadership Development

Reuters

Tupperware Brands

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Canada NewsWire

MONTRÉAL, Oct. 8, 2024

New SuccessFinder Talent Growth Solution Provides In-Depth Behavioral Insights to Accelerate Professional Growth

MONTRÉAL, Oct. 8, 2024 /CNW/ - SuccessFinder, a leader in predictive workplace behavioral talent assessment, is pleased to announce the launch of SuccessFinder Talent Growth, a groundbreaking solution for scaling impactful talent development across organizations. Rigorously tested and built based on extensive client feedback, the new tool showcases SuccessFinder's commitment to continuous innovation by offering solutions that effectively respond to evolving human resource challenges.

"SuccessFinder Talent Growth not only solves critical HR challenges but also underlines our commitment to innovation and corporate growth by enabling us to expand into new markets," said Ronald Dahms, CEO of SuccessFinder.

The SuccessFinder Talent Growth solution, backed by over 50 years of industrial and organizational psychology research, gives employees instant access to in-depth behavioral insights. Its unique self-serve approach transforms talent development, providing an enterprise solution that empowers employees to take control of their development by understanding their behaviors and overcoming growth barriers. It also helps them align strengths with corporate goals, offers expert guidance, and supports actionable growth plans.

"SuccessFinder Talent Growth has the potential to be a game-changer for organizations. It directly addresses the critical need for scaling self-awareness and development company wide. This solution empowers every employee's growth, fostering a culture of continuous learning and development. The result? A common language around leadership development on top of increased agility and improved employee engagement," said Ray Kazan, Senior Director, HR - Talent Management at CAE.

SuccessFinder Talent Growth marks a significant milestone in HR technology. The solution uncovers talent insights in the context of each organization and their unique leadership model, driving measurable impact for people and businesses alike. The SuccessFinder team has worked tirelessly in developing this solution to exceed industry standards, delivering unmatched value, experience, and insights for human resource and talent departments.

About SuccessFinder

Predictable Leadership Excellence.

SuccessFinder accelerates leadership excellence by assessing people's potential using the power of Behavioral DNA. Our solutions empower leaders and teams with self-awareness by revealing the key behaviors required to excel in their roles and reach their full potential. We revolutionize how companies assess, identify, and develop top talent, within their unique context and culture. SuccessFinder drives results for hundreds of leading organizations around the world, including CAE, Beneva, Magna International, iA Groupe financier, Desjardins, McKesson/Rexall, and many other leading companies, financial institutions and global manufacturers.

Learn more at successfinder.com.

https://c212.net/c/img/favicon.png?sn=TO23823&sd=2024-10-08

View original content:https://www.prnewswire.com/news-releases/successfinder-unveils-new-solution-set-to-revolutionize-employee-engagement-and-leadership-development-302268774.html

SOURCE SuccessFinder

https://c212.net/c/img/favicon.png?sn=C1927&sd=2024-10-08

View original content: http://www.newswire.ca/en/releases/archive/October2024/08/c1927.html

Keywords: SuccessFinderTelentGr

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Tupperware Regains Access To Cash For Upcoming Payroll

Reuters

Tupperware Brands

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By Dietrich Knauth

NEW YORK, Sept 25 (Reuters) - Tupperware Brands Corporation on Wednesday reached a short-term deal with lenders opposed to its bankruptcy strategy, restoring the food container maker's access to cash accounts and allowing it to meet employee payroll and other upcoming expenses.

The Orlando, Florida-based company filed for bankruptcy protection on September 17, with $818 million in debt and a plan to sell the company.

Tupperware faces opposition from a faction of lenders that would prefer to foreclose on the company's assets outside of bankruptcy. Those lenders had initially cut off Tupperware's access to $7.4 million in cash that the company had pledged as collateral on its debt.

Tupperware attorney Spencer Winters said at a court hearing in Wilmington, Delaware, that the company is trying to reach a longer-term settlement with its lenders. In the meantime, the lenders have consented to allow Tupperware to spend its cash on payroll and other routine expenses until Oct. 11, Winters said.

U.S. Bankruptcy Judge Brendan Shannon, who is overseeing the case, approved the short-term agreement at the hearing, encouraging the parties to continue negotiations and avoid disruption to Tupperware's employees and independent sales representatives.

Tupperware has 5,450 employees and a salesforce of 465,000 independent contractors who earn a commission from their sales of Tupperware products, according to the company's court filings. In 2023, Tupperware paid $2.6 million per month in employee wages and an average of $2.4 million a month in sales commissions.

The company attributed its bankruptcy to a years-long slump in sales, saying it relied too heavily on independent sales representatives instead of selling online or in retail stores.

Tupperware attorney Gabriela Hensley told Shannon that the company had thus far managed to avoid any late payments to its employees or sales force, because it had prepaid some wages and commissions before filing for bankruptcy.

Tupperware will return to bankruptcy court on October 11 to request a longer-term court order that allows it to maintain access to its cash accounts.

The case is In Re Tupperware Brands Corp, U.S. Bankruptcy Court for the District of Delaware, No. 24-12156.

For Tupperware: Spencer Winters and Gabriela Hensley of Kirkland & Ellis

For the ad hoc group of lenders: Allan Brilliant of Dechert

Tupperware - from a US household brand to an indebted kitchenware maker

Tupperware files for bankruptcy as its colorful containers lose relevance

Tupperware lenders oppose company's proposed bankruptcy sale

(Reporting by Dietrich Knauth)

(( Dietrich.Knauth@thomsonreuters.com ;))

Keywords: TUPPERWARE-BANKRUPTCY/

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This is what the Fed's interest-rate cut means for distressed companies

MarketWatch

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Tupperware Lenders Oppose Company's Proposed Bankruptcy Sale

Reuters

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NYSE Seeks to Delist Tupperware; Company Has Right to Appeal

Dow Jones Newswires

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Press Release: Dream Impact Trust Reports Fourth -2

Tupperware Brands Corp - New Tupperware Company To Be Privately Held

Successfinder Unveils New Solution Set To Revolutionize Employee Engagement And Leadership Development

Tupperware Regains Access To Cash For Upcoming Payroll

This is what the Fed's interest-rate cut means for distressed companies

Tupperware Lenders Oppose Company's Proposed Bankruptcy Sale

NYSE Seeks to Delist Tupperware; Company Has Right to Appeal

Risk Disclosure