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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.
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]
Instant Brands, the parent company of Instant Pot and Pyrex has filed for Chapter 11 bankruptcy protection, citing “global macroeconomic and geopolitical challenges.”
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 ...
The maker of Pyrex glassware and Instant Pot has filed for Chapter 11 bankruptcy protection as the company that was already struggling is stung by inflation, with Americans pulling back on spending.
A post made on X claims to show a Robert F. Kennedy Jr. X post promising to bankrupt packaged food companies. Verdict: False This post did not come from Kennedy’s X account. There is no evidence ...
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.
Chicken Soup for the Soul Entertainment, the entertainment company that operates Redbox, Crackle and other businesses, filed for Chapter 11 bankruptcy protection — after failing to pay employees ...