Tupperware
July 4, 2022
New Image Group said it completed the acquisition of Tupperware Brands' Nutrimetics operations in Australia, New Zealand, and France, including related manufacturing, with an effective closing date of July 1, 2022. The purchase price was not disclosed.
Tupperware had announced a definitive agreement in June to sell the beauty business as part of its turnaround plan to exit non-core assets after previously closing the sale of House of Fuller Mexico. Nutrimetics is a long-standing direct-selling beauty brand in Australia and New Zealand with operations also in France.
New Image said the deal expands its international direct-selling footprint. For Tupperware, the closing reduces beauty-segment exposure as management focuses on the core container business, right-sizing, and liquidity under its credit facilities.