Tupperware’s India Business Declines 4% In Q3
Tupperware India said business declined 4% during the July-September quarter, partly due to a legal issue in the Punjab and Haryana high court.
A month ago, a first information report (FIR) was registered against company officials for allegedly violating the Chits & Money Circulation Schemes Act. Tupperware India, has approached the Punjab and Haryana high court challenging the FIR by the Chandigarh Police. The FIR was registered against the company and its top management officials, including chief executive officer (CEO) Rick Goings, managing director, Tupperware India, Shilpa Ajwani among others.
The next hearing in the matter is on October 29, when the Chandigarh Police have to respond to the allegations of abuse of criminal process of law by its officials.
We are dealing with some distraction in the Punjab area, the northern province where local authorities don't really understand our entrepreneurial sales force structure and…that's just taken so much of our senior management's time, but we hope to navigate through that, Rick Goings, Chairman and Chief Executive Officer of Tupperware Brands Corporation, said on a call with investors.
The company said its team is working on activating the existing sales force and that it needs more sales managers in the country.
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