▲ 12 ▼ Instant Brands - maker of the Instant Pot - files for bankruptcy (www.cbsnews.com) submitted 3 years ago by gary@lemmy.world to c/news@beehaw.org 24 comments fedilink hide all child comments
[–] darkwing_duck@sh.itjust.works 3 points 3 years ago (1 child) Bye bye warranty? permalink fedilink source hideshow 2 child comments replies: [–] Perdendosi@lemmy.world 3 points 3 years ago* Instant Brands will continue operating as usual during the bankruptcy process with help from $132.5 million in new financing. It's Chapter 11 reorganization, not a liquidation. I think they're big enough that they're not going to go anywhere, but they have to adopt a new, much smaller, business model, since pressure cookers aren't as cool as they were 5 years ago. permalink fedilink source parent
[–] Perdendosi@lemmy.world 3 points 3 years ago* Instant Brands will continue operating as usual during the bankruptcy process with help from $132.5 million in new financing. It's Chapter 11 reorganization, not a liquidation. I think they're big enough that they're not going to go anywhere, but they have to adopt a new, much smaller, business model, since pressure cookers aren't as cool as they were 5 years ago. permalink fedilink source parent