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International Business Times
International Business Times
Terry Massey

DARK SECRETS: Tupperware plans to file for bankruptcy report | Rare Historical Photos

After nearly 80 years in business, Tupperware is on the verge of filing for bankruptcy. (Credit: Getty Images/Cindy Ord/WireImage)

Tupperware, the company that billed itself as a "fresh idea" to American consumers for nearly 80 years, finally appears to be approaching its expiration date.

According to a report from Bloomberg News, Tupperware plans to file for bankruptcy this week following a failed effort to keep the storage-container business afloat. Its stock price fell 57% at Monday's close and continued to slip in Tuesday's pre-market trading.

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