Instant Brands — maker of the Instant Pot — files for bankruptcy
www.cbsnews.com
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Since COVID, company has faced "additional global macroeconomic and geopolitical challenges," CEO Ben Gadbois said.
DarkwingDuck
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Bye bye warranty?

Perdendosi
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Instant Brands will continue operating as usual during the bankruptcy process with help from $132.5 million in new financing.

It’s Chapter 11 reorganization, not a liquidation. I think they’re big enough that they’re not going to go anywhere, but they have to adopt a new, much smaller, business model, since pressure cookers aren’t as cool as they were 5 years ago.

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