Instant Brands, the maker of the popular Instant Pot pressure cooker and other kitchen appliances, filed for chapter 11 bankruptcy on Monday. The Illinois-based company has struggled with declining sales and financial turbulence exacerbated by consumers’ reduced discretionary spending amidst inflation. The decision to file for bankruptcy came after a prolonged period of economic strain, … Continue reading Instant Pot’s Parent Company Cooks Up a Recipe for Bankruptcy Amidst Sales Slump