Centre Lane Completes Purchase of Instant Brands Appliances

Centre Lane Completes Purchase of Instant Brands Appliances

Instant Brands announced it has completed the sale of its appliance business, including the Instant Pot brand, to an affiliate of Centre Lane Partners. Instant Brands, which filed for Chapter 11 protection in June of 2023, reported in early October the U.S. Bankruptcy...
Thanksgiving Weekend Boosts Wayfair Prospects

Thanksgiving Weekend Boosts Wayfair Prospects

From Thanksgiving through Cyber Monday, Wayfair managed a low single-digit sales increase in sales from the United States versus the same time period in 2021 with Black Friday coming in as the biggest of the five-day period in terms of revenue generation. Repeat...