Tag Archives: Jim Speltz

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 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