Tag Archives: Brookstone

Toys “R” Us Exec Named Brookstone CEO

Thomas Via

MERRIMACK, N.H.-Thomas Via, a veteran Toys “R” Us executive, will take the reigns as president and CEO of specialty retailer Brookstone on Dec. 1. Via, who has spent the last 12 years with Toys “R” Us, will also join the Brookstone board of directors on that date. He will succeed Steven Schwartz, who has servedMore »

Last updated: November 18, 2014

Sailing Innovation Wins Brookstone Auction

Brookstone

MERRIMACK, N.H.-Sailing Innovation, a consortium led by China-based Sailing Capital Overseas Investment fund, has been selected as the winning bidder at the auction for Brookstone. According to a Brookstone statement, the purchase price is $135.7 million, net of cash and assumed liabilities. Subject to the approval of the U.S. Bankruptcy Court for the District ofMore »

Last updated: June 4, 2014

Spencer to Acquire Brookstone in Prepack Chapter 11

Brookstone

MERRIMACK, N.H.-Brookstone has reached a stock purchase agreement to be acquired by an affiliate of Spencer Spirit as part of a prepackaged Chapter 11 filing in U.S. Bankruptcy Court for the District of Delaware. The purchase price is about $147 million. To facilitate the agreement, Brookstone has obtained the support of the holders of itsMore »

Last updated: April 3, 2014

Brookstone Nears Deal with Spencer Spirit Holdings

Brookstone

MERRIMACK, N.H.-Brookstone said it is working toward an agreement to be acquired by Spencer Spirit Holdings, a company that operates novelty and gift stores. As part of the deal, according to a company statement, the retailer is thinking of filing a prenegotiated Chapter 11 bankruptcy with the United States Bankruptcy Court to facilitate the sale.More »

Last updated: March 28, 2014

Brookstone Net Loss Increases in Q2

Brookstone

MERRIMACK, N.H.-Declining sales and margins brought Brookstone to a net loss of $13.4 million, compared to a second-quarter net loss of $12.6 million last year. Net sales were down 11.8 percent to $90.3 million in the quarter, which ended on June 29. The top line included a decrease of 8.5 percent in same-store sales. BrookstoneMore »

Last updated: August 14, 2013