All articles tagged with #instant pot
The Instant Pot faced a political controversy when plans for a MAGA-themed model linked to Donald Trump emerged, damaging its brand image and relevance, similar to the fallout experienced by Tesla with Elon Musk's political stances. The episode highlights the risks brands face when they intertwine with controversial politics, leading to consumer disillusionment and shifts in market dynamics.
A private equity firm's attempt to produce Trump-themed Instant Pots and other merchandise to influence political relations backfired when the Trump Organization threatened legal action over trademark infringement, leading to the shelving of the project. The incident highlights the risks of using political flattery and merchandise as lobbying tactics, especially without proper authorization.
For couples looking for a unique Valentine's Day gift, the six-quart Instant Pot is a versatile kitchen appliance that functions as a pressure cooker, slow cooker, rice cooker, steamer, sauté pan, yogurt maker, and warmer. With positive reviews praising its convenience and functionality, this all-in-one device offers a practical and time-saving solution for preparing home-cooked meals. Available with free expedited Prime shipping for Prime members, it presents a thoughtful and useful present for long-term partners.
Amazon offers a range of highly-rated kitchen products, including the versatile Instant Pot, which is praised by reviewers for its ability to cook a variety of dishes quickly and easily. Users appreciate its convenience for meal prepping and freezing, making it a valuable tool for busy individuals. With prices starting at $99.99, the Instant Pot comes in different sizes and styles to suit different needs.
Instant Brands, the parent company of Instant Pot, Pyrex, and CorningWare, filed for Chapter 11 bankruptcy due to market saturation and the durability of their products, which discourage customers from buying newer versions. The multicooker market has declined, and the company's other product lines, such as Pyrex, are hard to scale. While there is a possibility of a successful restructuring plan or acquisition, the future of the brands remains uncertain. Despite this, some customers, like Carmel Pratt, continue to use their Instant Pot regularly.
Instant Brands, the maker of the popular kitchen appliance Instant Pot, has filed for Chapter 11 bankruptcy after struggling to attract new customers following a surge in sales during the pandemic. The move will secure $132.5 million in funding to allow the company to restructure rather than liquidate its business. Sales of multicookers, including the Instant Pot, declined 20% from April 2022 to April 2023, according to market research company Circana. The company cited global macroeconomic and geopolitical challenges, tightening of credit terms, and higher interest rates as reasons for its unsustainable capital structure.
Instant Brands, the parent company of Pyrex and Instant Pot, has filed for Chapter 11 bankruptcy protection due to an unsustainable capital structure caused by the COVID-19 pandemic's impact on liquidity levels. The company has over $500 million in both assets and liabilities. Instant Brands received a $132.5 million commitment for new debtor-in-possession financing from its existing lenders to support the business during the process. Sales of electronic multicooker devices, including Instant Pots, peaked at $758 million in 2020 but dropped by 50% within the last year to just $344 million.
Instant Brands, the maker of Pyrex kitchenware and Instant Pot pressure cooker, has filed for Chapter 11 bankruptcy protection in the US, citing rising interest rates as the reason for its financial difficulties. The company plans to restructure its liabilities of up to $1bn and continue serving retailers without interruption while seeking to prevent the sale of its brands. Instant Brands has received a commitment for $133m in financing from its existing lenders to see it through the bankruptcy process.
The parent company of Instant Pot and Pyrex, Instant Brands, has filed for Chapter 11 bankruptcy protection due to global macroeconomic and geopolitical challenges, tighter credit terms, and higher interest rates. The company plans to continue operating while it restructures. Instant Brands' portfolio of brands includes Corelle, Snapware, CorningWare, Chicago Cutlery, and Visions cookware.
Instant Pot's parent company has filed for Chapter 11 bankruptcy as sales in the electronic multicooker device category, where Instant Pot makes up the majority, have declined by 50% since 2020. The company's need to continue growing has led to the development of new products, such as an air purifier and convection oven, but it may need another hit product to recover. The pressure to constantly grow comes from private equity firm Cornell Capital, which acquired Instant in 2019. The company's CEO is encouraging the development of new products instead of reinvigorating the Instant Pot, but sometimes being very good at one thing is enough.
Instant Brands, the makers of popular kitchen goods like Instant Pot and Pyrex, are offering sitewide discounts of up to 30% off during their Semi-Annual Sale. The sale includes savings on a variety of well-known and highly-rated brands, including Corelle, Corningware, Snapware, Chicago Cutlery, and Zoid. Discounts of 15% off orders over $79.99 and 30% off orders over $149 will be automatically applied at checkout.