• Perdendosi@lemmy.world
      link
      fedilink
      English
      arrow-up
      10
      ·
      edit-2
      1 year ago

      Instant Brands will continue operating as usual during the bankruptcy process with help from $132.5 million in new financing.

      It’s Chapter 11 reorganization, not a liquidation. I think they’re big enough that they’re not going to go anywhere, but they have to adopt a new, much smaller, business model, since pressure cookers aren’t as cool as they were 5 years ago.