Instant Brands Inc. et al, an Illinois-headquartered group of companies which design, manufacture, and market a global portfolio of innovative and iconic consumer lifestyle brands, including Instant®, Pyrex®, Corelle®, Corningware®, Snapware®, Chicago Cutlery®, and Visions®, had their Chapter 11 proceedings recognized under the CCAA on June 13, 2023. The group is currently experiencing unprecedented liquidity constraints brought on by severely tightened credit terms with suppliers, rising interest rates, and a shifting in historical distribution channels in North America. EY was appointed Information Officer, represented by Goodmans. Stikeman Elliott is counsel for the companies and Norton Rose Fulbright is counsel to the ABL lender.

By: Dina Milivojevic