That’s problem with being a one hit wonder. They had a decent product that became popular. Unfortunately there’s only so many people who are in the market for a countertop pressure cooker.
Although there’s plenty of other companies in the space like KitchenAid that have survived over the years.
Yea, true but there are plenty of companies that only make one product really well. I feel like it is more because they took a bunch of VC funding and had large pressures to grow their employee count that made it so unsustainable. That plus the extreme amount of competition that they have in the space.
I’ve definitely noticed the cheap imitations of their product. I’ve even spotted one or two on the shelves at goodwill. I don’t really see those as competition.
There’s plenty of other brands of stand mixers out there, yet KitchenAid is still considered a solid buy.
I know that there is a lot of confusing history behind it - one that I also do not really understand.
But they do also own the pyrex brand (i think only in NA) which is a classic kitchen brand as well.
(like I said…I don’t fully understand the intricacies of the history and licensing etc. I am European where the pyrex brand is owned by a french company that is still doing well (I think) (and I think the French company might be the original creator of pyrex…?) (also, there seems to be some weird thing going on where the NA markets get two types of pyrex. the cheap stuff with regular glass, and the good stuff made from borosilicate glass. Euros only get borosilicate)
That’s problem with being a one hit wonder. They had a decent product that became popular. Unfortunately there’s only so many people who are in the market for a countertop pressure cooker.
Although there’s plenty of other companies in the space like KitchenAid that have survived over the years.
Yea, true but there are plenty of companies that only make one product really well. I feel like it is more because they took a bunch of VC funding and had large pressures to grow their employee count that made it so unsustainable. That plus the extreme amount of competition that they have in the space.
I’ve definitely noticed the cheap imitations of their product. I’ve even spotted one or two on the shelves at goodwill. I don’t really see those as competition. There’s plenty of other brands of stand mixers out there, yet KitchenAid is still considered a solid buy.
The article mentions that
So it doesn’t sound like they just ran out of customers
I know that there is a lot of confusing history behind it - one that I also do not really understand.
But they do also own the pyrex brand (i think only in NA) which is a classic kitchen brand as well.
(like I said…I don’t fully understand the intricacies of the history and licensing etc. I am European where the pyrex brand is owned by a french company that is still doing well (I think) (and I think the French company might be the original creator of pyrex…?) (also, there seems to be some weird thing going on where the NA markets get two types of pyrex. the cheap stuff with regular glass, and the good stuff made from borosilicate glass. Euros only get borosilicate)