Tervis bankruptcy: Revenue fell from $90M in 2022 to $33M so far in 2024

Company officials vow this isn't the end of Tervis. "Bankruptcy," say officials in the filing, "is a means of ensuring its continued existence and operational success in the decades to come."

By Elizabeth King
| 4:25 p.m. September 9, 2024
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Tervis has a partnership with the Association of Pickleball Plauyers.

Manatee-Sarasota

Since Tervis Tumbler filed for Chapter 11 bankruptcy Sept. 5, court filings have offered more insight into the rise and fall of the drinkware company.

Shifts in shopping, competition in the industry and a years-long lawsuit have contributed to its declaration of bankruptcy, according to court records — which show the company owes approximately $32.75 million to creditors.

Founded in 1946, Tervis Tumbler is best known for its double-walled drinkware designed to withstand heat and reduce condensation. It saw a major spike in interest after 2009, when its products began to be sold in retail stores like Bealls, company officials say in a statement.