All articles tagged with #pyrex
Costco is currently selling an 18-piece Snapware Pyrex set for $19.99, $5 off the original price. The set includes 9 glass containers with airtight and leak-proof lids, making it a sleek and sturdy alternative to plastic storage containers. Pyrex glass is oven safe, non-toxic, and dishwasher-safe, making it versatile for various kitchen uses. While the online price is $30.99, the deal is available in-store at Costco.
Instant Brands, the parent company of iconic kitchen brands such as Pyrex and CorningWare, has filed for Chapter 11 bankruptcy protection due to ongoing impacts of COVID-19. Vintage pieces of CorningWare are selling for thousands of dollars on eBay, making them a hot resale commodity. Instant Brands will secure $132.5 million in funding to restructure instead of liquidating its business altogether. Other beloved kitchen brands, such as Tupperware, are also facing economic uncertainty.
Instant Brands, the parent company of popular kitchenware brands like Pyrex and Instant Pot, has filed for Chapter 11 bankruptcy protection. The company has over $500 million in both assets and liabilities. The move will give the company "time and flexibility" for ongoing discussions with financial stakeholders to move forward in a way that "strengthens the company’s financial position." The company faces challenges, including "tightening of credit terms and higher interest rates," after weathering the COVID-19 pandemic.
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 Brands, the maker of Pyrex glassware and Instant Pot, has filed for Chapter 11 bankruptcy protection due to inflation and lower consumer spending on home products. The company has more than $500 million in both assets and liabilities. Sales of Instant Pots have declined 50% since the start of the pandemic, and the company's net sales decreased 21.9% in the first quarter of fiscal 2023. Instant Brands has received a commitment for $132.5 million in new debtor-in-possession financing from its existing lenders.
Instant Brands, the maker of popular household products such as Instant Pot, Pyrex, and Corelle, has filed for Chapter 11 bankruptcy. The company cited tighter credit and higher interest rates as the reasons for the filing, but also noted its rapid growth since the start of the pandemic. The bankruptcy filing allows the company to reorganize and shed debt while staying in business. Instant Brands has received $132.5 million in additional financing from its existing lenders as part of the bankruptcy process.
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.