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Joele Frank is handling the Chapter 11 filing of Instant Brands, owner of the Pyrex, Corelle, CorningWare and Instant Pot brands that are found in 90 percent of US households.
CEO Ben Gadbois said while Instant Brands successfully navigated the COVID-19 pandemic and supply chain disruptions, high interest rates and tightened credit terms negatively impacted its liquidity and made its capital structure unsustainable.
With the Chapter 11 filing, Instant Brands receives a commitment for $132.5M in new debtor-in-possession financing and more time and flexibility to continue discussions with its financial stakeholders.
The Downers Grove, IL-based company has appointed Adam Hollerbach, partner and managing director at AlixPartners, chief restructuring officer.
Joele Frank, Wilkinson Brimmer Katcher’s Aaron Palash, Rose Temple and Rachel Goldman work the media for Instant Brands.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
