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Instant Brands, the parent company of Instant Pot and Pyrex has filed for Chapter 11 bankruptcy protection, citing “global macroeconomic and geopolitical challenges.”
On March 4, 2019, the company announced it had entered into a merger agreement with Instant Brands, maker of the Instant Pot kitchen appliance, and Corelle’s chief executive would become the chief executive of the merged company while Instant Brands founder Robert Wang would become the merged company’s "chief innovative officer". [9]
Instant Pot is a brand of multicookers manufactured by Instant Pot Brands. The multicookers are electronically controlled, combined pressure cookers and slow cookers . The original cookers were marketed as 6-in-1 appliances designed to consolidate the cooking and preparing of food to one device.
The company was founded by Robert Wang, Yi Qin, and three other Canadian partners in 2009. [2] They are the distributor and designers of the Instant Pot and other products sold under the Instant Brands name. [3] Its subsidiaries were merged and consolidated under the title "Instant Brands". The company is headquartered in Downers Grove, Illinois.
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Instant coffee revolutionized our mornings. Then it became the victim of another revolution.
The Rival Company is an American manufacturer of small appliances that produces products under the Bionaire, Crock-Pot, Fasco, Patton, Pollenex, Rival, Simer, and White Mountain brands. It became a wholly owned subsidiary of Holmes Products Corp. in 1999, and later became a brand of Sunbeam Products , a subsidiary of Jarden Corporation , which ...