Hampton Creek says $5.9B buyout will help it meet $7 billion demand for kitchen sink
Hampton Creek, the maker of the popular Hampton Creek KitchenAid, has announced a $5 billion buyout to help it cut costs as it tries to turn around the kitchen appliance industry.The company is now looking for buyers for the $1.4 billion stake it held in the company.The buyout comes as the company continues to cut costs amid a series of consumer backlash against the appliances.The kitchen sink...
