Tag Archive for Tupperware

Hot Business News Today

Tupperware Received Voice For Women Award

by Tina Williams • September 22, 2014 • 0 Comments

Tupperware Brands Corp. CEO Rick Goings and his wife, Susan, on Sept. 17 received the second annual Voice for Women award for exemplary commitment to women’s economic empowerment.
The couple received the award at the Alice Award Luncheon hosted by the Sewall-Belmont House & Museum.

“The Voice for Women Award recognizes those who consistently speak out about empowering women, and on issues that are important to women — Rick and Susan Goings embody the spirit of this award in everything they do,” said Page Harrington, executive director of the Sewall-Belmont House & Museum.

The Sewall-Belmont House & Museum also honored Sen. Barbara Mikulski with the Alice Award, which pays tribute to trailblazers who have made an outstanding contribution in breaking barriers and setting new precedents for women.
Goings said he was honored to receive the award and that it “only spurs our passion for the cause.”
“At Tupperware Brands, we’ve seen how confident and educated women reshape their communities, and we’re dedicated to helping more women achieve their dreams,” he said.
Orlando-based Tupperware (NYSE: TUP) is a global marketer of premium products across multiple brands through an independent sales force of 2.9 million.

Résumé
Work history: Mr. Goings was recruited to Avon Products in 1985, where he held a number of senior management positions. He joined Tupperware

Hot Business News Today

Amway, Tupperware, And Oriflame Issue Notices To E-Commerce Sites

by Tina Williams • September 18, 2014 • 0 Comments

Direct selling firms are facing the heat from online retailers. Amway, Tupperware and Oriflame have issued notices to e-commerce sites including Snapdeal, Flipkart and eBay, asking them to stop selling their products.
The merchandise of these three direct sellers is not only offered at discounts as high as 40% but also bypass and strike at the very heart of the direct-sales distributor model that these firms follow globally.
In the direct selling model, there are no sales through traditional retail outlets — companies hire distributors who, in turn, sell products to consumers. Most times, errant distributors themselves supply unsold stocks to e-commerce sites and the firms are working to identify and penalise them.

“Oriflame products are not allowed to be sold by unauthorised persons, entities and means and we have issued notices to these ecommerce platforms that are selling our products. The sale of our products on these online platforms not only diverts sales from our distributors but also undermines the essence of direct selling as a proposition,” Vivek Katoch, director – corporate affairs at Oriflame, maker of cosmetics and personal grooming products, told ET.

Katoch said from a consumer point of view, some products need recommendations and usage details, which is not possible with

Hot Business News Today

Tupperware Sales Down In 2nd Quarter

by Tina Williams • July 23, 2014 • 0 Comments

Tupperware Brands Corporation today announced second quarter 2014 operating results.
Rick Goings, Chairman and CEO, commented, “While sales results slowed this quarter, we were still able to achieve adjusted E.P.S. in our guidance range. Overall, the business continued to grow, with several markets achieving 20%+ local currency sales increases including Brazil, China, Italy and Turkey.
Both businesses in our North America beauty segment also showed significant sequential sales improvement. Having said this, the quarter was challenging in several aspects. We were up against strong comparisons from prior year when we had our strongest quarterly local currency sales growth at 8%, as well as some external and internal challenges, particularly in Germany. However, our 2.9 million sales force members continue to operate their businesses and earn income to help support their families.”
Goings continued, “The four pillars of our business model enable us to succeed. By focusing and delivering on these pillars: innovative premium quality products; an entertaining selling situation, or party; compelling sales force compensation; and leveraging of direct-to-consumer fundamentals, I am confident that through the strength of our management teams around the world we will see better future sales and profit growth in spite of the challenges we’ll inevitably encounter.”
Second Quarter

Hot Business News Today

Sandra Bullock Tupperware Movie Acquired By Sony Pictures

by Tina Williams • July 20, 2014 • 0 Comments

“The Help” director Tate Taylor is attached to helm the project about the rise and fall of Tupperware marketing exec Brownie Wise.
Sony has signed a deal to acquire an untitled project detailing the rise of a Tupperware exec that hasSandra Bullock attached to star and Tate Taylor set to direct.
David Hoberman and Todd Lieberman of Mandeville Films and Television, whose credits range from The Fighter to The Muppets, packaged the project and are producing along with Tom Shelly. Taylor will also produce via his Wyolah Films shingle.
The project was picked up in a competitive environment and several studios, including Warners and Paramount, were bidding, according to sources. The movie marks the first official role Bullock has taken on since her Oscar nomination this year for her performance in Gravity.
Taylor wrote the script for the project, which is based on Tupperware Unsealed, the nonfiction book written by Bob Kealing about Tupperware marketing guru Brownie Wise.
Tupperware was originally developed by Earl Silas Tupper but took off in the 1950s when sales exec Wise came up with the idea of having Tupperware parties. Soon those gatherings were sweeping the nation, and Wise became as popular as the product she was selling. In 1954, she became the first woman to appear on the cover of Businessweek.
Wise, unfortunately, began clashing with Tupper, who eventually

Hot Business News Today

Tupperware Turns To Indonesia

by Tina Williams • July 17, 2014 • 0 Comments

Originally reported by the Wall Street Journal:
Rick Goings, the chairman and chief executive of Tupperware Brands Corp. is spearheading a transformation at the American company known for its colorful food-storage containers.
The company, founded in 1939 by inventor Earl Tupper, is headquartered in Orlando but gets 60% of its revenue from emerging markets. Tupperware expects this percentage to rise to 80% in five years.
Rick Goings, chairman and chief executive officer of Tupperware Brands Corp. Tupperware Brands Corp.
Its largest market is Indonesia, a country where it’s been challenging for many retailers to expand because of poor transportation networks and stiff competition for retail space. Tupperware has found success in the world’s fourth-largest economy because its salespeople sell salad bowls and mini food processors to family and friends at home, often transporting the products by scooter or bus.
Globally, Tupperware’s sales force of 2.9 million is still largely made up of stay-at-home moms who hold Tupperware parties to supplement the family’s income. Yet increasingly, men are also throwing Tupperware parties.
Mr. Goings, 68, talked to The Wall Street Journal about how the 75-year-old company is adapting to a changing business model. Edited excerpts:
WSJ: Do people still have Tupperware parties?
Mr. Goings: Yes. But these kinds of products have been commoditized greatly in

Page 4 of 4

« 1 2 3 4