Instant Brands filed for bankruptcy after high interest rates and the pandemic’s gnarled supply chain drained its cash. Read more.
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The Downers Grove, Illinois-based company listed estimated assets and liabilities of as much as US$1 billion in a bankruptcy petition filed in Texas. The Chapter 11 filing allows Instant Brands to keep operating while it seeks approval of a plan to repay creditors.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
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