Tag Archives: bankruptcy

Tupperware Brands, the company famed for its revolutionary plastic food storage containers, has declared Chapter 11 bankruptcy, marking the end of an era for the iconic brand. The company, which transformed food preservation since its inception in 1946, announced its financial troubles following unsuccessful attempts to secure a viable acquisition offer and revive its core business.

Anant Yardi, an Indian-origin entrepreneur and CEO of Yardi Systems, has recently stepped into the role of CEO at WeWork, the coworking giant that faced financial turmoil and bankruptcy. Here are five key points about Anant Yardi and his journey with WeWork:

Go First, which filed for bankruptcy in May last year, faced another major setback after EaseMyTrip founder and CEO Nishant Pitti announced the withdrawal of his bid for the defunct airline. The airline, once the fifth largest in India based on scheduled departures, has had its entire fleet of 54 aircraft grounded since May 3 last year. Earlier this month, the Directorate General of Civil Aviation (DGCA) de-registered all of Go First's aircraft, further complicating its revival prospects.

Elon Musk has admitted that the micro-blogging site had to be ‘saved from bankruptcy’ and that the same required a lot of hard work. He also said that the company is still facing challenges and public support will be highly appreciated. In Short Elon Musk said that the last three …