Walking the fine line between MLMs and pyramid schemes [Seeking Alpha]
Tupperware Brands Corporation (TUP)
Last tupperware brands corporation earnings: 10/30 07:00 am
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US:NYSE Investor Relations:
ir.tupperwarebrands.com
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Source: Seeking Alpha
Let's touch on some history quickly before delving into the present. In 2016, Herbalife was ordered to pay $200 million as refunds to many of its distributors and drastically restructure its U.S. business operations, to settle FTC's charges of “unfair and deceptive practices” against it. The FTC said that Herbalife promised a dream of financial freedom to its distributors/members, but the dream was an illusion as the vast majority of Herbalife distributors found they could make little or no money selling Herbalife products. The FTC also said it hoped the principles embodied in the settlement will set an example for for the multilevel marketing (“MLM”) industry more generally. An MLM is a direct-selling business that uses people to sell their products/services to other people. Typically, people joining MLMs are told that they can make money in two ways. 1. by selling the MLM's products/services and taking a cut of the sales. 2. by recruiting new distributors and earning bonuses/comm
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TUP
News
- New Tupperware® WowPop Popcorn Maker and Ultimate Silicone Bags Win International Red Dot Awards for Outstanding Product Design [Yahoo! Finance]Yahoo! Finance
- New Tupperware® WowPop Popcorn Maker and Ultimate Silicone Bags Win International Red Dot Awards for Outstanding Product DesignPR Newswire
- As Expected, Tupperware Brands Receives NYSE Notice Regarding Late 2023 10-K Filing [Yahoo! Finance]Yahoo! Finance
- As Expected, Tupperware Brands Receives NYSE Notice Regarding Late 2023 10-K FilingPR Newswire
- Wow! Tupperware Popped Up on Newsweek's Most Trustworthy Companies in America [Yahoo! Finance]Yahoo! Finance
TUP
Sec Filings
- 4/22/24 - Form 3
- 4/19/24 - Form 8-K
- 3/29/24 - Form NT
- TUP's page on the SEC website