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Items tagged with: Bankruptcy
#Roomba maker #iRobot gets cleaned out in #Chapter11 #Bankruptcy
The business entered Chapter 11 proceedings on Sunday and initiated a restructuring support agreement that would see Shenzhen #China based #PiceaRobotics acquire the company in full. The company went on to note that it was significantly behind on its payments to Picea, its primary manufacturer in China and Vietnam. As of October 31, iRobot owed Picea $158.3 million, $29.1 million of which was past due.
theregister.com/2025/12/15/iro…
The business entered Chapter 11 proceedings on Sunday and initiated a restructuring support agreement that would see Shenzhen #China based #PiceaRobotics acquire the company in full. The company went on to note that it was significantly behind on its payments to Picea, its primary manufacturer in China and Vietnam. As of October 31, iRobot owed Picea $158.3 million, $29.1 million of which was past due.
theregister.com/2025/12/15/iro…
Roomba maker iRobot gets cleaned out in Chapter 11
: Company vacuumed up by its own manufacturerConnor Jones (The Register)
