Brookstone Holdings Corp., the specialty retailer famous for massage chairs and travel electronics, filed for Chapter 11 bankruptcy protection Thursday with a plan to sell its business to the. Aug 02, · In , Brookstone filed for bankruptcy and was sold to a Chinese consortium for $ million. At the time, Brookstone operated stores, 70 . Brookstone filed for Chapter 11 bankruptcy protection in August, listing assets of $50 million to $ million and liabilities of $ million to $ million. The year-old company closed its.
There is speculation that a rival business, Monoprice, could consider bidding on the chain. Brookstone, based in Merrimack, N. Chapter 11 bankruptcies allow businesses to search for investors or buyers, while staying open. Individuals looking to file for bankruptcy have options in Chapter 13 and Chapter 7 filings, which stop collections, foreclosures and can restructure debt. Skip to Main Content Skip to Search. Dow Jones, a News Corp company.
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