NEW YORK — Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection.

Tupperware's lenders opposed the food storage and kitchen products company's proposed bankruptcy auction during the company's first court appearance, cutting off its access to cash and threatening to derail the company's bankruptcy plans.

"I still have a ton of Tupperware from the early '90s. Still holds up real nice," a Reddit user wrote in the thread r/Nostalgia, to which another replied: "That’s why they’re

Tupperware Brands and its subsidiaries have filed for Chapter 11 bankruptcy in the U.S. The iconic food container company, facing severe financial challenges, is now pursuing strategic alternatives for survival.