Party Products LLC, owner of the Tupperware brand, has entered into a definitive agreement to sell its operations in Latin America to Betterware de Mxico (BWMX), owner of the Betterware and Jafra brands. Party Products is granting Befra a perpetual, exclusive license to the brand in the Latin American region.
Party Products believes this transaction is an important step in its global plans, allowing it to focus on regional commercialization and innovation. The company noted that many of the products sold in the US and Canada will continue to be manufactured in Mexico.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.