BBC: Instant Pot to file for bankruptcy
The maker of Pyrex glassware and Instant Pot multicookers has filed for bankruptcy protection, with as much as $1bn (£790m) in liabilities.
As well as the more than a century-old cookware brand Pyrex and Instant Pot, which was launched in 2010, Instant Brands’ portfolio also includes kitchenware brands Corelle, CorningWare and Snapware.
How do you screw up that company? Five years ago, everybody wanted an Instant Pot, and people are always talking about new Instant Pot recipes. When we cleaned out Mom’s house, Corelle was the only thing anyone wanted.