Brookstone is a series of retail shops in the USA. Its first location opened in 1973 in Peterborough, New Hampshire. The corporate’s headquarters are at the moment positioned in Merrimack, New Hampshire.
Brookstone sells a large assortment of merchandise together with distant management helicopters and drones, alarm clocks and smartwatches, therapeutic massage chairs, audio system, iPads and pill equipment, blankets, pillows, and plenty of different life-style objects. A lot of the merchandise bought at Brookstone shops are designed by the corporate and offered underneath its personal model (white model). Brookstone shops are typically present in purchasing malls and excessive-site visitors metropolis areas, corresponding to Midtown Manhattan.
The corporate can also be distinctive in that it permits clients to play with any product within the retailer earlier than making a purchase order.
On April three, 2014, the corporate filed for chapter below Chapter eleven of the Chapter Code in the USA Chapter Courtroom for the District of Delaware; in its first-day motions on four April, the corporate sought permission to be acquired by the mother or father of Spencer Items. The corporate’s shops are to stay open and working as normal through the chapter course of.
In June 2014, Brookstone was bought by the Chinese language funding agency Sailing Capital and Chinese language conglomerate Sanpower for greater than $173 million. The Firm efficiently emerged from Bankruptcy in July 2014 with a restructured stability sheet, an improved capital construction, and a brand new strategic companion who’s dedicated to development of the Brookstone model each within the U.S. and internationally.