• Perdendosi@lemmy.world
    link
    fedilink
    English
    arrow-up
    14
    ·
    edit-2
    2 years ago

    undefined>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.