Cornell Capital

PE firm that merged Instant Pot with Corelle Brands, loading debt that led to bankruptcy

EST. 2004New York, NYWebsite →

Brands Owned

Documented Impacts

Bankruptcies

Industries

1 bankruptcy under their ownership

Retail & Consumer

Brands Owned by Cornell Capital (1)

Instant Brands (Instant Pot / Pyrex)

Retail & Consumer · 6 locations

Cornell Capital merged the wildly popular Instant Pot with Corelle Brands (Pyrex, CorningWare, Corelle) and loaded debt onto the combined company. Despite Instant Pot being a cultural phenomenon, the debt burden was unsustainable. Filed Chapter 11 in June 2023 with ~$500M in debt.

1 impact