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Instant Pot and Pyrex parent company files for bankruptcy, but vows to continue sales

The parent company of Instant Pot and Pyrex has filed for Chapter 11 bankruptcy protection, citing “global macroeconomic and geopolitical challenges” that have affected its business. ....

Ben Gadbois , Instant Pot , Instant Brands , Instant Brand ,

CNN CNN Newsroom Live June 4, 2024 08:24:00

Disruptions are just some of the reasons to blame here. u.s. bureau of labor statistics report that grocery prices 6% higher in may than this same time last year and restaurant menu prices were up more than 8%. and specific foods have also become more expensive including flour, bread, juice, fruits and vegetables. notable exception is have been eggs. after skyrocketing earlier this year, prices fell nearly 14% in may, the largest single month decline since 1951, a time max remembers well. you crack me up. maker of the instant pot, a popular kitchen appliance, is filing for bankruptcy. they blame high interest rates and tighter credit for the move but the company who also makes pyrex and corning ware says it is still seeing a lot of growth since the start of the pandemic and 90% of u.s. homes now have at least one of its product. this is filing for chapter 11 ....

U S , Grocery Prices , Menu Prices , Bureau Of Labor Statistics , Interest Rates , Instant Pot , Corning Ware ,

MSNBC Chris Jansing Reports June 4, 2024 17:57:15

Transcripts for MSNBC Chris Jansing Reports 20240604 17:57:15
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Instant Pot , Chapter 11 Bankruptcy , Parent Cane , The Beatles , Global Macroeconomic ,