this post was submitted on 14 Jun 2023
4 points (100.0% liked)

News

49 readers
2 users here now

Breaking news and current events worldwide.

founded 1 year ago
4
Instant Brands — maker of the Instant Pot — files for bankruptcy (www.cbsnews.com)
submitted 1 year ago by SerpentPeaked@kbin.social to c/news@kbin.social
25 comments fedilink hide all child comments
 

Since COVID, company has faced "additional global macroeconomic and geopolitical challenges," CEO Ben Gadbois said.

you are viewing a single comment's thread
view the rest of the comments
[–] tal@kbin.social 2 points 1 year ago

Well, bankruptcy doesn't necessarily mean that a product is dead. Some other company will potentially buy their assets and could continue the brand.