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Instant Brands — maker of the Instant Pot — files for bankruptcy (www.cbsnews.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Since COVID, company has faced "additional global macroeconomic and geopolitical challenges," CEO Ben Gadbois said.

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[–] hactar42 1 points 1 year ago

Similar thing happened to Crocs a few years back. They didn't wear out like regular shoes so repurchases where rare. They ended up expanding their product lines to make up for it.

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