Search results
Results From The WOW.Com Content Network
Roughly two years later, in June 2023, Instant Brands filed for Chapter 11 bankruptcy protection. About $391 million of the term loan remained outstanding, the lawsuit said.
According to a filing with the U.S. Bankruptcy Court for the Southern District of Texas this week, Instant Brands, based outside of Chicago, has more than $500 million in both assets and liabilities.
Instant Brands, the parent company of Instant Pot and Pyrex has filed for Chapter 11 bankruptcy protection, citing “global macroeconomic and geopolitical challenges.”
On June 12, 2023, Instant Brands filed for Chapter 11 bankruptcy after high interest rates and waning access to credit hit its cash position and made its debts unsustainable. [10] The company sold its appliance business ("Instant" branded products) to the private equity firm Centre Lane Partners during bankruptcy. [ 11 ]
On January 28, 2021, CEO Ben Gadbois announced Corelle Brands would change its global parent company name to Instant Brands. [12] On June 12, 2023 Instant Brands filed for chapter 11 bankruptcy. [13] During bankruptcy proceedings, the company sold its appliance business ("Instant" branded products) to Centre Lane Partners. [14]
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Party City [6] Payless Shoe Source [2] Prospect Medical Holdings [7] RadioShack [2] Red ...
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.
For premium support please call: 800-290-4726 more ways to reach us