Hot Business News Today

Hot Business News Today

IM Mastery Academy Cleared Of All Charges In Belgium

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A Victory for Ethical Business Practices
In a landmark decision, IM Mastery Academy has been cleared of all allegations of operating as an illegal pyramid scheme in Belgium. The investigation which was initiated in 2018, and resulted in a court case brought by the Public Prosecutor who accused the company of operating outside the bounds of local law.
However, after six years of rigorous investigation, and the presentation of extensive data, evidence, and legal argument, the Antwerp court of appeal has ruled in favor of IM Mastery Academy, affirming the compliance of its business model with Belgian law.
A Test of Patience and Integrity
From the onset of the investigation, IM Mastery Academy cooperated fully with Belgian authorities, standing firm in their belief that their business model adheres to the applicable law. The company’s focus on providing educational services for customers was key in the court’s decision.

“We have always been committed to maintaining compliance. This victory is not only a win for us but also for our global community of educators, mentors, and students who trust in our mission to make financial education accessible worldwide.”

said a spokesperson for IM Mastery Academy.

Evidence-Driven Victory
During the investigation, IM Mastery Academy submitted extensive documentation, financial records, and operational

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Hot Business News Today

Tupperware Brands Plans To File For Bankruptcy, Bloomberg News Reports

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Tupperware Brands is preparing to file for bankruptcy as soon as this week, Bloomberg News reported on Monday, citing people with knowledge of the plans.
The company’s shares were down 15.8% at 43 cents after the bell. They closed down 57%. Founded in 1946 by chemist Earl Tupper, the company’s popularity exploded in the 1950s as women of the post-war generation held “Tupperware parties” at their homes to sell food storage containers as they sought empowerment and independence.

The COVID-19 pandemic provided a boost in sales from families who sheltered at home, cooked more and produced lots of leftovers. Sales have declined in recent quarters as the world re-opened.

Tupperware is planning to enter court protection, opens new tab after it breached the terms of its debt and enlisted legal and financial advisers, Bloomberg News reported on Monday.

The bankruptcy preparations follow protracted negotiations between Tupperware and its lenders over how to manage more than $700 million in debt, according to the report.

Tupperware did not immediately respond to a Reuters request for comment. In March, the company warned it was not certain its business could continue as a going concern and faced a liquidity crunch.
About Tupperware
Tupperware Brands Corporation (NYSE: TUP) is a global consumer

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