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Instant Pot parent company files for bankruptcy
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Instant Pot parent company files for bankruptcy
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14th June 2023, 07:13
| #1 |
| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,726
 |  Instant Pot parent company files for bankruptcy The Instant Pot has been one of the most important kitchen gadgets of the past decade, but that hasn't prevented financial turmoil at its parent company. Instant Brands has filed for Chapter 11 bankruptcy in the US citing worldwide "macroeconomic and geopolitical challenges" that include higher interest rates and tighter credit. While the company says it endured the pandemic and the ensuing supply chain problems, these latest problems proved to be too much. https://www.engadget.com/instant-pot...4.html?src=rss |
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