Liabilities at Instant Brands, the maker of Pyrex glassware and Instant Pot multicookers, could be as much as this . The company has filed for bankruptcy in the US following a post-pandemic cooling of sales.Drop in first-quarter net sales at Instant Brands, ratings agency S&P Global noted last week as it downgraded its rating on the company. Its troubles follow those at another well-known kitchen products brand, Tupperware.
It doesn’t take any intelligence at all to guess that their email inbox was this week flooded with people suddenly keen to work with its founders, who are Arthur Mensch , Timothee Lacroix and Guillaume Lample . That’s because they’ve raised €105 million in Europe’s largest ever round of seed funding after setting up Mistral AI just a month ago with plans to launch France’s answer to ChatGPT.
5. Cameron Smith: Australia’s top golfer was among those who receive lucrative guaranteed earnings as a result of joining the LIV tour, bringing his tally to $76 million for the last 12 months, dating back to last year’s US Open. This meant Tiger Woods was edged into sixth place in the money rankings.
3. Rory McIlroy: Despite paying a price of many millions for having principles, PGA defender McIlroy still earned $80 million, by Forbes’s calculation, with this sum equally split between his on-course and off-course earnings.
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