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Instant Pot and Pyrex maker Instant Brands files for bankruptcy

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Instant Pot and Pyrex maker Instant Brands files for bankruptcy Empty Instant Pot and Pyrex maker Instant Brands files for bankruptcy

Post by 8DonCo Wed Jun 14, 2023 10:24 am

Instant Pot and Pyrex maker Instant Brands files for bankruptcy

High interest rates and the pandemic’s gnarled supply chain drained its cash


Instant Brands, maker of the Instant Pot pressure cooker and Pyrex glassware, filed for bankruptcy on Monday after high interest rates and the pandemic’s gnarled supply chain drained its cash, making its debts unsustainable.

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8DonCo

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Instant Pot and Pyrex maker Instant Brands files for bankruptcy Empty Re: Instant Pot and Pyrex maker Instant Brands files for bankruptcy

Post by ga10 Wed Jun 14, 2023 10:26 am

Wow, I am surprised since Instant Pot was in high demand b4.  Maybe thêre are more competitors now so they don't sell as many as anticipated. Pyrex has been around for a long time too.

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