SerpentPeaked ( SerpentPeaked@kbin.social ) to News@kbin.social · 3 years agoInstant Brands — maker of the Instant Pot — files for bankruptcywww.cbsnews.comexternal-linkmessage-square32linkfedilinkarrow-up18file-textcross-posted to: news
arrow-up18external-linkInstant Brands — maker of the Instant Pot — files for bankruptcywww.cbsnews.comSerpentPeaked ( SerpentPeaked@kbin.social ) to News@kbin.social · 3 years agomessage-square32linkfedilinkfile-textcross-posted to: news
Since COVID, company has faced “additional global macroeconomic and geopolitical challenges,” CEO Ben Gadbois said.
minus-squaretal ( tal@kbin.social ) linkfedilinkarrow-up2·3 years 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.