July 20, 2017 / 4:58 PM / a month ago

BRIEF-Tupperware Brands says will wind down Beauticontrol unit

July 20 (Reuters) - Tupperware Brands Corp:

* After being unable to find buyer for its Beauticontrol unit, it will wind down the business over approximately next 60 to 90 days

* Estimates that net cost of executing wind down will be $20.0 million, of which about half will be in cash - SEC filing

* Portion of net cost of executing wind down will be recorded in Q2 2017 results Source text: (bit.ly/2tu4czG) Further company coverage:

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