Tupperware Brands Corp., whose plastic containers were once synonymous with American suburbs in the 1950s, has migrated east. The company gets almost 40 percent of its sales from the Asia-Pacific region, far more than North America or Europe. That overseas focus is now bringing headaches to Tupperware, which said on Wednesday that the strong U.S. dollar contributed to a 13 percent decline in fourth-quarter sales. The stock tumbled as much as 17 percent, the worst intraday plunge since 2008.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE