Pretty shocked to see this with how ubiquitous they’ve seemed these last few years. Of all the recent kitchen gadgets this is one of the few that felt genuinely useful to me.

  • zipsglacier@lemmy.world
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    1 year ago

    Am I reading this right?

    The maker of Pyrex glassware and Instant Pot has filed for Chapter 11 bankruptcy protection … brands also include Corelle, Snapware, CorningWare, Visions and Chicago Cutlery, …

    Pyrex seems like a way bigger deal than instant pot, and those others are also well-known. Is this just a restructuring thing where they will screw creditors and then continue on? Or they will sell off the brand names to some new companies that may or may not keep the same quality?

    • Tastyzero@beehaw.org
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      1 year ago

      Only speculating but I think this is a symptom of late stage capitalism. Companies are staking enormous risk on leveraged finances to achieve impossible stock prices. And if they miss, they’re done. They collapse and get rolled into giant multinationals to funnel even more money to the top.

      • kurosawaa@lemmy.worldOP
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        1 year ago

        Its always been like this though. Back in the 60s no one would have thought the Victor Company and RCA were approaching deaths door step, but they made a few big mistakes and got out competed in just a short time.