Instant Brands, maker of Instant Pot and Pyrex cookware, files for bankruptcy
The company that makes kitchen staples like CorningWare, Pyrex and the Instant Pot has entered bankruptcy proceedings in the U.S. and Canada.
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The company that makes kitchen staples like CorningWare, Pyrex and the Instant Pot has entered bankruptcy proceedings in the U.S. and Canada.
Instant Brand, the company that owns Instant Pot and other popular homeware brands, has filed for bankruptcy.
Since COVID, company has faced "additional global macroeconomic and geopolitical challenges," CEO Ben Gadbois said.
The maker of Pyrex glassware and the Ottawa-born Instant Pot has filed for Chapter 11 bankruptcy protection as the company that was already struggling is stung by inflation, with Americans pulling back on spending.
Instant Brands - the maker of Instant Pot pressure cookers and Pyrex glassware - filed for chapter 11 bankruptcy protection on Monday.