The company that makes the Instant Pot and Pyrex cookware is filing for bankruptcy | CBC News

📆 13-06-23 20:34:00
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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.

, the owner of Pyrex, CorningWare, SnapWare and Corelle. The company, which also includes brands like Chicago Cutlery and Visions, claims that 90 per cent of households in the U.S. have at least one of their products in them.

But those new Instant-branded gadgets weren't enough to turn the tide of slowing sales. According to S&P, the company's sales declined by almost 22 per cent in the first quarter of 2023, the seventh quarterly contraction in a row.

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