Instant Pot
Viral multicooker that carried a $615M merger, a $345M dividend, and a bankruptcy on its back within four years.
Status: Watchlist
- Website
- instantpot.com
- HQ
- USA
- Manufacturing
- China
- Ownership type
- PE-owned
- Parent
- Centre Lane Partners
- Acquired
- 2023
- Status since
- 2026-07-13
Ownership
Merged with Corelle Brands under Cornell Capital in 2019. April 2021: $450M term loan followed nine days later by a $345M dividend. Chapter 11 June 2023. Bought by Centre Lane Partners; relaunched as Instant Pot Brands in 2024.
Why Watchlist
The litigation trustee is suing Cornell Capital for over $400M. CPSC investigated units that caught fire or exploded during the Cornell era. Post-bankruptcy quality trajectory unproven either way.
Sister brands under Centre Lane Partners
Read the full investigation
Track This Brand
When the verdict changes, you'll hear first.
Brands on this Ledger shift status as ownership changes or new investigations surface. The newsletter is how subscribers find out, and where the full reporting lives.
No spam. Nobody pays me to say nice things. Unsubscribe anytime.