Benzinga | Oct 19, 2021 06:28AM EDT

Tupperware Brands Divests House Of Fuller Beauty Business For Undisclosed Sum

* Tupperware Brands Corp (NYSE:TUP) has agreed to sell its House of Fuller beauty business in Mexico. Financial terms of the transaction, including the anticipated closing date, have not been disclosed.

* The transaction is in line with the company's turnaround plan strategy of divesting non-core assets.

* The divestiture follows Tupperware's sale of Avroy Shlain beauty business in South Africa during the first quarter of 2021.

* "This sale represents further progress toward our stated goal of divesting non-core assets, and enables the Company to focus its resources on growing our core Tupperware brands," said CEO Miguel Fernandez.

* Price Action: TUP shares closed higher by 0.89% at $23.72 on Monday.