this post was submitted on 14 Jun 2023
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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
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Since COVID, company has faced "additional global macroeconomic and geopolitical challenges," CEO Ben Gadbois said.

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[–] 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.