iRobot stock price collapses
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Tech company iRobot ( IRBT 71.06%), the maker of household vacuums and cleaning robots that include Roomba and Braava, filed for Chapter 11 bankruptcy protection on Sunday, less than two years after a $1.7 billion buyout by Amazon ( AMZN 0.82%) fell through.
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The rise and fall of iRobot
It was a stunning turn of events when iRobot canceled its fourth quarter meeting in March, saying the company has had “substantial doubt” about its ability to stay afloat. It was a far cry from the glory days of the Bedford, Massachusetts-based ...
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Gary Cohen, iRobot’s CEO on selling deodorant, playing golf and going off-grid in the mountains
Named chief executive officer of iRobot back in May 2024, Gary Cohen has a 25 year history of leading successful turnarounds – good news for the robot vac company! Previous roles were at Qualitor Automotive, Timex, Energizer and Gillette. In this interview he talks to us about making iRobot swim, his love of tech and being a Boston boy.