Instant Brands, maker of Instant Pot and Pyrex cookware, files for bankruptcy

Re:Instant Brands, maker of Instant Pot and Pyrex cookware, ... by SalmoShalazar on Tuesday June 13, 2023 @11:41PM (#36321150)

I don’t know why you’re trying to naturalize private equity behaviour. It’s not some immutable law of nature, it’s a shitty consequence of our current set of laws and economic system. Our society could be better.

[ Parent | on HN ]

Re:Instant Brands, maker of Instant Pot and Pyrex cookware, ... by gen220 on Wednesday June 14, 2023 @09:40AM (#36325764)

I mean, yeah, death is a shitty consequence of life.

The executives and boards who sell to these kinds of private equity companies know exactly what they’re signing up for. It’s a parasitic relationship, it isn’t dignified, but it’s less wasteful in some global market sense than self-immolation (i.e. ceasing operations).

[ Parent | on HN ]