Tupperware Brands Divests House Of Fuller Beauty Business For Undisclosed Sum

by Shivani Kumaresan, Benzinga Staff Writer

October 19, 2021 6:28 AM | 1 min read | Make a Comment

Tupperware Brands Corp TUP has agreed to sell its House of Fuller beauty business in Mexico. Financial terms of the transaction, including the anticipated closing date, have not been disclosed.
The transaction is in line with the company's turnaround plan strategy of divesting non-core assets.
The divestiture follows Tupperware's sale of Avroy Shlain beauty business in South Africa during the first quarter of 2021.
"This sale represents further progress toward our stated goal of divesting non-core assets, and enables the Company to focus its resources on growing our core Tupperware brands," said CEO Miguel Fernandez.
Price Action: TUP shares closed higher by 0.89% at $23.72 on Monday.

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