SerpentPeaked@kbin.social to News@kbin.social · 1 year agoInstant Brands — maker of the Instant Pot — files for bankruptcywww.cbsnews.comexternal-linkmessage-square30fedilinkarrow-up16arrow-down10file-textcross-posted to: news@beehaw.org
arrow-up16arrow-down1external-linkInstant Brands — maker of the Instant Pot — files for bankruptcywww.cbsnews.comSerpentPeaked@kbin.social to News@kbin.social · 1 year agomessage-square30fedilinkfile-textcross-posted to: news@beehaw.org
Since COVID, company has faced “additional global macroeconomic and geopolitical challenges,” CEO Ben Gadbois said.
minus-squaretal@kbin.sociallinkfedilinkarrow-up2·1 year agoWell, bankruptcy doesn’t necessarily mean that a product is dead. Some other company will potentially buy their assets and could continue the brand.
Well, bankruptcy doesn’t necessarily mean that a product is dead. Some other company will potentially buy their assets and could continue the brand.