(AOF) – Tupperware is down nearly 8% in pre-market trading. Bloomberg reported that the kitchen storage product manufacturer is preparing to file for bankruptcy this week. The stock fell more than 57% yesterday and has fallen 75% since the beginning of the year. Its debt is estimated at more than $700 million.
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In France, financial aid aimed at encouraging consumers to repair rather than throw away objects now also covers clothing and shoes.
The principle remains the same for clothing and shoes as for the selection of electronic products: the consumer must go to an approved repairer to benefit from aid that cannot exceed 60% of the cost of the repair. The approved organization, “Refashion”, aims to increase the number of repairs by 35% by 2028. The Repair Fund, funded by the “eco-contributions” of the brands, finances the operation. However, the question is whether this bonus will have to face the same difficulties as that for household appliances, which has not met with the expected success, in particular due to complex labeling procedures.
