Major international homewares brand files for bankruptcy

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Major international homewares brand files for bankruptcy
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US company Instant Brands, the maker of Pyrex glassware and Instant Pot pressure cookers, has filed for bankruptcy. 7NEWS

, the maker of Pyrex glassware and Instant Pot pressure cookers, has filed for bankruptcy.

Instant Brands, whose products also include Corningware, said it plans to keep operating while it restructures, and toward that end has lined up $US132.5 million in financing. “The company’s entities located outside the US and Canada are not included in the Chapter 11 filings.

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