- Brookstone is a chain of retail stores in the United States
Brookstone Net worth 2024 (estimated)
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Brookstone facts
- Its first location opened in 1973 in Peterborough, New Hampshire
- The company's headquarters are currently located in Merrimack, New Hampshire
- Brookstone sells a wide assortment of products including remote control helicopters and drones, alarm clocks and smartwatches, massage chairs, speakers, iPads and tablet accessories, blankets, pillows, and many other lifestyle items
- Most of the products sold at Brookstone stores are designed by the company and sold under its own brand (white brand)
- Brookstone stores are generally found in shopping malls and high-traffic city areas, such as Midtown Manhattan
- The company is also distinctive in that it allows customers to play with any product in the store before making a purchase
- On April 3, 2014, the company filed for bankruptcy under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware; in its first-day motions on April 4, the company sought permission to be acquired by the parent of Spencer Gifts
- The company's stores are to remain open and running as usual during the bankruptcy process
- In June 2014, Brookstone was purchased by the Chinese investment firm Sailing Capital and Chinese conglomerate Sanpower for more than $173 million
- The company successfully emerged from bankruptcy in July 2014 with a restructured balance sheet, an improved capital structure, and a new strategic partner who is committed to growth of the Brookstone brand both in the U
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