I agree. They filed for chapter 11 bankruptcy. I quote The bankruptcy process will not impact the ability to purchase products as Instant Brand will operate as usual with the help of $132.5 million in new financing.
<https://www.usatoday.com/story/money/2023/06/13/instant-pot-bankruptcy-filing/70319220007/> [702ce24f-1d23-4902-9605-d134374e857b-USATSI_11711962_168394671_lowres.jpg] Instant Pot & Pyrex parent company files for bankruptcy after year of cold sales<https://www.usatoday.com/story/money/2023/06/13/instant-pot-bankruptcy-filing/70319220007/> usatoday.com<https://www.usatoday.com/story/money/2023/06/13/instant-pot-bankruptcy-filing/70319220007/> Feliciano For tech tips and updates: LIKE www.facebook.com/theblindman12v Follow www.twitter.com/theblindman12v Follow www.instagram/TheBlindMan12v those who are crazy enough to think they can change the world are the ones who do. -Steve Jobs On Jun 14, 2023, at 9:18 AM, Mary Otten <motte...@gmail.com> wrote: It’s important to recognize the difference between the two different kinds of bankruptcy filings. Instant filed under Chapter 11, which means they are trying to re-organize, not just go out of business. Apparently they do have a financing group ready to infuse more money into their business, but it Hass to be approved by whoever it is that is in charge of bankruptcies. So it may still be around after re-organization, or it could go away via the chapter 7 bankruptcy, in which case, it is in fact gone. Sent from my iPhone On Jun 13, 2023, at 11:40 PM, Sieghard Weitzel <siegh...@live.ca> wrote: I know many on the list bought into the Instant Pot craze about 4 or 5 years ago, I kept considering it and was waitiand waiting for the new Smart model (not the Bluetooth one) to come out and to be available for a reasonable price here in Canada. At one point it was somewhat reasonable, but I thought it would go on sale again and then it didn't and then it seemed to disappear. Now I just came across an article on CBC News about Instant Brands which apparently came into existance when Instant Pot and Corelle Brands merged, another rwell-known brand which is part of that company's port folio is Pyrex cookware. In the article it says that Instant Brands has gone into Chapter 11 bankruptsy protection and that the assets of the company may be liquidated. Of course it is quite possible that maybe some other outfit picks up some or all of the pieces although I believe the era of the Instant Pot and similar all-in-one cooking appliances has passed and was nothing more than a fad. In the end I am glad I didn't get one of these gadgets as I actually do like cooking according to more traditional methods making things from scratch and with local ingredients including those we grow in our own garden in the summer and fall. . For anybody who is interested, here is a link to the article: Instant Brands, maker of Instant Pot and Pyrex cookware, files for bankruptcy | CBC News<https://www.cbc.ca/news/business/instant-brands-bankruptcy-1.6874487> Best regards, Sieghard -- The following information is important for all members of the V iPhone list. If you have any questions or concerns about the running of this list, or if you feel that a member's post is inappropriate, please contact the owners or moderators directly rather than posting on the list itself. Your V iPhone list moderator is Mark Taylor. Mark can be reached at: mk...@ucla.edu. Your list owner is Cara Quinn - you can reach Cara at caraqu...@caraquinn.com The archives for this list can be searched at: http://www.mail-archive.com/viphone@googlegroups.com/ --- You received this message because you are subscribed to the Google Groups "VIPhone" group. 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