Specialty retailer Brookstone Co. implemented a Chapter 11 plan on July 7 that was approved when U.S. Bankruptcy Judge Brendan Shannon signed a confirmation order on June 24 (In re Brookstone, Bankr. D. Del., No. 14-10752, effective date).
A group composed of Hong Kong-based Sailing Capital Overseas Investment Fund LP and retailing conglomerate Sanpower Group won a June 2 auction with a $173 million contract providing $135.7 million in cash 26 BBLR 867, 6/26/14.
“We have restructured our balance sheet, improved our capital structure, and found a strategic partner who shares our vision and is committed to our growth,” Brookstone ...
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