Tag Archives: China

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

Walmart, Sam’s Club Q4 Comps, Company Earnings to Be Less Than Expected

Walmart

BENTONVILLE, Ark.-Same-store sales for both Walmart’s U.S. stores and for Sam’s Club are expected to be somewhat less than what the retailer said was expected of the quarter two months ago, according to a preliminary statement on the quarter from the retailer. In addition, earnings for the company as a whole will likely not meetMore »

Last updated: January 31, 2014

Safavieh Enters Upholstered Headboard Category

Safavieh Ziggy Headboard

PORT WASHINGTON, N.Y.–Safavieh will add upholstered headboards to its growing mix of cross-category home furnishings products with a program to be launched at Las Vegas Market, Jan. 26-30, 2014. The program includes 11 styles in 105 SKUs in contemporary, transitional and traditional styles covered in linen, velvet, ultra suede and blended fabrics in programmed solidsMore »

Last updated: December 9, 2013

GuildMaster Emerges from Chapter 11; Investors Take Company Private

GuildMaster

SPRINGFIELD, Mo.–GuildMaster has officially emerged from Chapter 11 and will operate as a private company. Management and a small group of investors have purchased the company and committed more than $1 million of capital. A judge in the U.S. Bankruptcy Court for the Western District of Missouri approved the reorganization plan, which had already beenMore »

Last updated: September 27, 2013