(CNN)– Tupperware and some of its subsidiaries have filed for chapter 11 bankruptcy protection.
The company known for its plastic food storage containers and sales parties announced the filing in a statement on Tuesday, Sept. 17.
Tupperware is seeking court approval to facilitate a sale process for the business.
The Florida-based company says it is also seeking court approval to continue operating during the bankruptcy proceedings.
Founded in 1946, Tupperware has struggled with declining sales in recent years.
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