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Instant Brands, maker of Instant Pot and Pyrex, files for bankruptcy | CNN Business

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इंडिया ताज़ा खबर,इंडिया मुख्य बातें

Instant Brands, the maker of Instant Pot, Corelle, and Pyrex, among other products, has filed for bankruptcy.

The Chapter 11 bankruptcy filing came on Monday. Chapter 11 bankruptcy allows for a reorganization of the company, rather than its liquidation in a Chapter 7 filing, The company blamed tighter credit and higher interest rates as contributing factors in the filing. But the company added that it has seen rapid growth since the start of the pandemic, entering several new product categories and expanding its global footprint.

While some of its products, such as Pyrex and CorningWare are long established brands — Pyrex is 108 years old, and CorningWare is 65 — Instant Pot was only launched in 2010. The company said that at least one of its products can be found in 90% of US homes. The bankruptcy filing under Chapter 11 allows a company to stay in business as it sheds debt and other costs it cannot afford.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Instant Pot parent company files for bankruptcy | EngadgetInstant Pot's parent company, Instant Brands, has declared bankruptcy..
स्रोत: engadget - 🏆 276. / 63 और पढो »

Instant Pot's Parent Company Files for BankruptcyThe popular gadget's parent company Instant Brands is also responsible for Pyrex cookware, CorningWare, and Chicago Cutlery.
स्रोत: Gizmodo - 🏆 556. / 51 और पढो »