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Instant Pot parent company files for bankruptcy

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The parent company of Instant Pot and Pyrex has filed for bankruptcy.

Instant Brands intends to continue operating during the restructuring process.

“In recent months, we have been working closely with all of our financial stakeholders to position the company for its next phase of success,” said Ben Gadbois, Instant Brands’ president and CEO.

Read more from NBC News.

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