Gary@lemmy.world to

World News@beehaw.orgEnglish · 1 year ago

Instant Brands - maker of the Instant Pot - files for bankruptcy

www.cbsnews.com

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Instant Brands - maker of the Instant Pot - files for bankruptcy

www.cbsnews.com

Gary@lemmy.world to

World News@beehaw.orgEnglish · 1 year ago

Instant Brands — maker of the Instant Pot — files for bankruptcy

www.cbsnews.com

Since COVID, company has faced "additional global macroeconomic and geopolitical challenges," CEO Ben Gadbois said.

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1 year ago
I was curious, so I checked. They have been owned by a PE firm (Cornell Capital) since 2019. Seems about par for the PE course.

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