Roomba maker iRobot has filed for bankruptcy – and customers are worried that their pricey vacuums could stop working.The 35-year-old, publicly held company will be taken over by its Chinese supplier, Shenzhen Picea Robotics, and become a privately held business, according to the Delaware bankruptcy filing on Sunday.The Massachusetts-based company — whose robot vacuums cost up to $1,300 — has been struggling since a deal for Amazon to acquire it for $1.7 billion fell apart in 2024.  3 Roomba cleaners firs ...

Core Points - iRobot Corporation has filed for Chapter 11 bankruptcy protection, leading to a significant drop in its stock price, which is down over 78% [1][8] - The company has entered into a Restructuring Support Agreement with Picea Robotics, its primary manufacturer and largest debt holder [2][5] - iRobot plans to continue operations during the bankruptcy proceedings and will be owned by Picea Robotics once the process is complete [5][6] Company Background - Founded in 1990, iRobot was a pioneer in household robotics, with its Roomba vacuum cleaner gaining popularity since its launch in 2002 [2] - The company has faced increasing competition from cheaper and superior robotic vacuum products in recent years [3] - iRobot had a strong market presence in the U.S. and Japan, but its financial struggles intensified after an abandoned acquisition attempt by Amazon in 2022 [3][4] Financial Challenges - iRobot has been burdened by mounting debt, increased competition, higher operational costs, and the impact of tariffs [4] - The decision to file for bankruptcy was made as these financial pressures became unsustainable [4] Stock Impact - Following the bankruptcy announcement, iRobot's stock is expected to be delisted from Nasdaq, ceasing public trading [7] - Shareholders are warned that they may experience a total loss of their investment, with the stock price plummeting from a high of $137 in February 2021 to under $1 [9] Product Functionality - Concerns have arisen among Roomba owners regarding the functionality of their devices post-bankruptcy [10] - iRobot has assured customers that there will be no anticipated disruption to app functionality, customer programs, or product support during the bankruptcy process [11]

The household tech pioneer is hitting the reset button. Iroot has has filed for Chapter 11 bankruptcy, saying it will go private after being bought by its main manufacturer. Despite strong market share, cheaper rivals and tariffs have squeeed profits and driven debt to about $190 million.However, iRoot says this is not expected to disrupt app functionality, customer programs, or product. ...

Shares of iRobot Corporation (Nasdaq: IRBT), maker of the Roomba autonomous vacuum cleaner, are crashing today after the company announced that it will seek Chapter 11 bankruptcy protection. Most Read from Fast Company As of this writing, IRBT shares are down more than 78%—and the news is only expected to get worse for common shareholders. Consumers, on the other hand, may be wondering if their Roombas will stop working. Here’s what you need to know. What’s happened? On Sunday, iRobot Corporation said ...

2022年，科技巨头亚马逊曾同意以17亿美元收购iRobot，但在欧洲监管的反对下交易失败。iRobot的营收自2021年开始便持续下滑。凯雷集团曾在2023年 提供了一笔2亿美元的"救命钱"，但最终无济于事。 公告进一步表示，iRobot也将从纳斯达克交易所退市。公司同时预计，如果法院批准破产重组方案，公司普通股持有人将不会获得重组后公司的任何股 权，公司所有已发行和在外的权益将被取消，普通股持有人将遭受全部损失且无法收回其投资。 近年来，iRobot因盈利下滑、市场竞争加剧陷入困境，此前亚马逊收购计划亦告吹。iRobot诞生于1990年，由麻省理工学院计算机科学与人工智能实验室 (CSAIL)的创始主任罗德尼.布鲁克斯与两名学生共同创立。公司于2002年推出现象级扫地机器人Roomba，巅峰时期占全球市场份额超过8成。 12月15日，美国扫地机器人鼻祖iRobot在宣布申请破产并寻求制造商收购后，其美股盘前股价暴跌82%至0.77美元。 | 盘前价 | 0.771 涨幅盤前 | -82.15% | 交生 | -44.26% 120日 | | 33.33% | | --- | --- | --- | --- ...

Welcome back to Squawkbox. Roomba's vacuum maker, the uh iRoot, filing uh for bankruptcy. It's going to uh do this after going private uh being bought by its primary manufacturer.The company has faced competition from lowerpriced rivals and stress from US tariffs. That includes a 46% tariff on imports from Vietnam where iRoot builds its products for the US. Amazon, if you might remember this, tried to buy iRoot years ago for more than a billion dollars, but that deal faced opposition from regulators.So, it' ...

Dec 14 (Reuters) - iRobot (IRBT), the maker of the Roomba vacuum cleaner, filed for bankruptcy protection on Sunday, saying that it would go private after being bought by Picea Robotics, its primary ​manufacturer. The company, which raised concerns about staying in business in March, filed for Chapter 11 protection ‌in Delaware bankruptcy court as it grapples with increased competition from lower-priced rivals and new U.S. tariffs. iRobot generated about $682 million in total ‌revenue in 2024, but its p ...

Core Insights - Gold Tree Studios, a subsidiary of Gold Tree, has filed for Chapter 11 bankruptcy despite securing $1 billion in financing earlier this year [1][4] - The bankruptcy filing indicates the company holds assets between $100,000 and $500,000, while liabilities range from $1 million to $10 million [2] - The reasons for Gold Tree Studios' financial difficulties remain undisclosed, raising concerns about its financial management [4] Company Overview - Gold Tree Studios is based in West Hollywood and offers services such as editing suites, 360-degree sound stages, and color grading [3] - The studio was associated with an upcoming film featuring notable actors Al Pacino and Jessica Chastain [3] Industry Impact - The bankruptcy raises questions about the future of ongoing projects, particularly the anticipated film involving high-profile actors [4] - The lack of communication from Gold Tree and Malka Group contributes to uncertainty in the industry, leaving investors and insiders awaiting further developments [5]

Industry Overview - The furniture retail industry is experiencing significant financial distress due to a slow residential real estate market, rising labor and product costs driven by inflation, increased tariff rates since April, and lingering effects from the Covid pandemic [1] - Several small and mid-size furniture chains have filed for bankruptcy protection this year, including Landmark Furniture parent Brenmark Inc., Walker Edison Furniture Company, American Mattress, and 5th Avenue Furniture [1] Company-Specific Developments - American Signature Inc., a 77-year-old furniture retailer operating 120 stores and employing 3,200 people, filed for Chapter 11 protection on Nov 22, seeking to reorganize its business and sell its assets to ASI Purchaser LLC after closing several stores [2] - Buddy's Home Furnishings franchisee, Buddy Mac Holdings LLC, along with 48 affiliates, filed for Chapter 11 bankruptcy protection on Dec 4 to halt foreclosure sales and either reorganize or seek a going-concern sale of its assets [4][5] - Buddy Mac Holdings listed assets and liabilities between $10 million and $50 million in its bankruptcy petition, with significant unsecured creditors including Buddy's Newco LLC and O'Rourke Sales Company, each owed over $1 million [6] - The company owed $12.6 million on a secured loan that originated in 2019, with an original principal balance of $26 million, which matured on Aug 31 and was sold to Phonix RBS LLC on Sept 2 [7] Bankruptcy Filings Timeline - American Signature, Inc. filed on Nov 22 - Landmark Furniture parent Brenmark Inc. filed on Nov 9 - Walker Edison Furniture Company filed on Aug 28 - American Mattress filed on July 6 - 5th Avenue Furniture filed on June 6, 2025 [8]

Group 1: Bankruptcy Filings - Several companies managing hotels and resorts have filed for bankruptcy in late 2025, including the operator of Tuscany and Hotel 27 in NYC, which shut down in September 2025, and Oheka Castle hotel in Long Island, currently under Chapter 11 protection with debts exceeding $60 million [1] - In Canada, the Fairmont-operated log resort Château Montebello is being sold under the supervision of PwC after its owner, China Evergrande Group, accumulated over $300 billion in debts across various properties [2] Group 2: Phil Kean Designs - Phil Kean Designs, a Florida-based luxury construction and architecture firm, filed for Chapter 11 protection in November 2025, citing over $1 million in liabilities and $400,000 in assets [3][4] - The company specializes in architecturally distinctive spaces and environmentally friendly building practices, and it plans to continue operations during the bankruptcy process while working on ongoing projects and acquiring new clients [5][7] - Orlando attorney Daniel A. Velasquez will represent Phil Kean Designs in the bankruptcy proceedings, with a restructuring plan due by February 23, 2026 [6]