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Roomba maker iRobot files for bankruptcy protection amid restructuring
iRobot has filed for Chapter 11 bankruptcy to restructure debt and stabilize operations while continuing business activities.
iRobot Corp., the maker of Roomba robotic vacuum cleaners, has filed for Chapter 11 bankruptcy protection in the United States to pursue a private restructuring process. The company said it plans to continue normal operations while working with lenders to reduce debt and improve liquidity. iRobot has faced declining sales, pricing pressure, and higher operating costs, alongside challenges following the termination of its planned acquisition by Amazon, which strained its balance sheet.
