With such ubiquitous brands, how the hell did they manage to accrue 500 MILLION in debt
They spent it on watering down their brand:
The combined company soon expanded the Instant brand name into new products beyond its eponymous cooking device, including air purifiers and coffee machines.
And ruined the brands they did have, example pyrex vs PYREX.
… There’s a difference?
Absolutely! PYREX is borosilicate glass. Very durable and especially good at sharp temperature changes e.g. a food container straight from the fridge to the microwave, or hot leftovers put away in the fridge.
pyrex all Lowercase is sodium glass, still strong to scratches and mild drop damage but malleable and easier to mold into shapes, also cheaper. Does not hold up to sharp temperature changes and will actually crack or worst case explode.
Insane that they took out such a big loan to make shitty home electronics. Probably should’ve stuck to the Instant Pot.
