Instant Pot maker seeks bankruptcy protection as sales go cold – Winnipeg Free Press
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The company's sales have declined since the height of the pandemic, and recent inflation hikes have hit their U.S. business especially hard.
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The maker of Pyrex glassware and Instant Pot has filed for Chapter 11 bankruptcy protection as the company that was already struggling is stung by inflation with Americans pulling back
The company's sales have declined since the height of the pandemic, and recent inflation hikes have hit their U.S. business especially hard.