iRobot Files for Bankruptcy, China-Based Picea Takes Over
Update: 2025-12-15
Description
iRobot, the company behind the Roomba vacuum, has filed for bankruptcy due to a significant drop in value and increased tariffs, particularly a 46% levy on imports from Vietnam. The planned acquisition by Amazon fell through, leading to loan repayment struggles. A China-based manufacturer, Picea, acquired iRobots debt and will take full ownership under the proposed bankruptcy plan. Other creditors and suppliers will be paid in full, and iRobot assures no impact on app functions, customer programs, global partners, supply chain, or product support.
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