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  • Brookstone reportedly searching for bankruptcy loan

Brookstone reportedly searching for bankruptcy loan

  • Categories Retail News
  • Date July 26, 2018
  • Comments 0 comment

Gadget and gift retailer Brookstone is searching for a bankruptcy loan ahead of a possible Chapter 11 filing, according to a Wall Street Journal report that cited unnamed sources. Brookstone did not immediately respond to Retail Dive’s request for comment.

The company, which went through a bankruptcy in 2014, is looking for $50 million to $60 million in financing. 

Brookstone was exploring its restructuring options, including a potential bankruptcy. The Journal reported on Friday that the financing efforts were still “fluid” and a bankruptcy is not certain. Among other options, it could close unprofitable stores, though it would likely keep some open, including its airport locations, according to the newspaper.

Source: retaildive.com

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