iRobot, the household name behind Roomba vacuums, shocks the industry with a Chapter 11 bankruptcy filing. The unexpected move cedes control to supplier Shenzhen Picea Robotics, leaving existing shareholders in the dust. What led to this drastic decision and what’s next for the iconic brand? Find out more at investinglive.com.
Roomba maker iRobot files for bankruptcy, cedes control to supplier
7 min read
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