Brookstone files for Bankruptcy
Brookstone, based in Merrimack, New Hampshire, filed for bankruptcy April 3, 2014. The luxury gadget retailer, with stores in many malls, is seeking to sell all of its assets to a group of Chinese buyers through a bankruptcy auction. A hearing on the potential sale is scheduled for June 23.
The company started as a catalog business in 1965. It has grown to 242 locations throughout the US. The Bankruptcy case is pending in Bankruptcy Court for the District of Delaware, Case Number 14-bk-10752.