Instant Brands — maker of the Instant Pot — files for bankruptcy
www.cbsnews.com
Since COVID, company has faced "additional global macroeconomic and geopolitical challenges," CEO Ben Gadbois said.
  • 3215641261@beehaw.orgEnglish
    10·
    1 year ago

    I was curious, so I checked. They have been owned by a PE firm (Cornell Capital) since 2019. Seems about par for the PE course.

    • Rickety Thudds@lemmy.caEnglish
      2·
      1 year ago

      Little better than pirates. They had to know monetary policy would change following the last several years of upsets.