Instant Brands Restructuring Plan Confirmed by Court - Yahoo Finance
Feb 22, 2024 · Instant Brands (the "Company"), maker of consumer favorites like Corelle®, Pyrex®, Snapware®, CorningWare®, Visions® and Chicago Cutlery®, today announced that the U.S. Bankruptcy Court for the...
Cornell Capital sued over $345 million Instant Brands dividend ...
8 hours ago · In exchange, the private equity firm lent Instant Brands $55 million. The lawsuit alleges news of the transaction was “the death knell of Instant Brands” because it prompted suppliers to ...
Trustee Says Cornell Capital ‘Plundered’ Bankrupt Instant Brands
10 hours ago · Photo: Andrew Harrer/Bloomberg News. A trustee for Instant Brands’ creditors accused private-equity firm Cornell Capital of looting the bankrupt kitchen-appliance maker through a dividend ...
PE Firm Cornell Sued Over $345 Million Instant Brands Dividend
1 day ago · 3:29. Cornell Capital LLC, the former owner of Instant Brands, was accused of misleading lenders about the company’s performance in order to extract a $345 million dividend that helped drive the ...
Instant Brands, maker of Instant Pot and Pyrex, files for bankruptcy - CNN
Jun 13, 2023 · Instant Brands, the maker of Instant Pot, Corelle, and Pyrex, among other products, has filed for bankruptcy. The Chapter 11 bankruptcy filing came on Monday.
Instant Brands Restructuring Plan Confirmed by Court - PR …
Feb 22, 2024 · With the Court's confirmation, Instant Brands is proceeding with a reorganization of its housewares business and transitioning ownership to the Company's lenders. The Company will obtain exit...
Pyrex, Instant Pot maker files for bankruptcy as sales fall
Jun 12, 2023 · June 13 (Reuters) - Instant Brands, the maker of Pyrex glassware and Instant Pot pressure cookers, has filed for bankruptcy, saying high interest rates, tighter credit conditions and falling...
Instant Brands: Pyrex and Instant Pot maker files for bankruptcy
Jun 14, 2023 · The maker of Pyrex glassware and Instant Pot multicookers has filed for bankruptcy protection, with as much as $1bn (£790m) in liabilities. Instant Brands blames high interest rates and weak...
Instant Pot and Pyrex parent company files for bankruptcy ... - NBC News
Jun 13, 2023 · By Rob Wile. 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....
Court approves sale of Instant Brands to private equity firm …
Oct 5, 2023 · Following a competitive auction, the U.S. Bankruptcy Court for the Southern District of Texas approved a sale of Instant Brands to private equity firm Centre Lane Partners, according to a...