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brookstone.com

Founded Year

1965

Stage

Acquired - II | Acquired

Total Raised

$30M

Revenue

$0000 

About Brookstone Company

Brookstone is a nationwide specialty retailer offering an assortment of consumer products that are functional in purpose, distinctive in quality and design and not widely available from other retailers.

Brookstone Company Headquarter Location

1655 Bassford Drive

Mexico, Missouri, 65265,

United States

800-846-3000

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Brookstone Company Patents

Brookstone Company has filed 69 patents.

The 3 most popular patent topics include:

  • Bottles
  • Camping equipment
  • Cooking utensils
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/4/2015

3/21/2017

Grant

Application Date

12/4/2015

Grant Date

3/21/2017

Title

Related Topics

Status

Grant

Latest Brookstone Company News

Brookstone Signs Letter of Intent with Bluestar Alliance, Reflecting Enhanced Stalking Horse Bid

Sep 10, 2018

Brookstone Signs Letter of Intent with Bluestar Alliance, Reflecting Enhanced Stalking Horse Bid September 10, 2018, 08:01 AM Brookstone Company, Inc. announced that it has signed a Letter of Intent with Bluestar Alliance, LLC to acquire the brand assets of the company and to serve as a stalking horse bidder in Brookstone's Chapter 11 restructuring. In addition, the Bankruptcy Court for the District of Delaware approved Bluestar as the "Stalking Horse" bidder for the Company's auction scheduled for the end of the month. Importantly, Bluestar's improved offer includes an option for Bluestar to select a transaction that would keep up to 50 existing Brookstone stores open, with a penalty of $400,000 payable if Bluestar either does not select this option or selects it and fails to keep at least 30 stores open. "This agreement with Bluestar is an indication of the value of Brookstone's cherished brand, and we are particularly encouraged by Bluestar's enthusiasm to seriously consider a bid that includes operating Brookstone retail outlets," said CEO Piau Phang Foo. "We continue to see interest in our company from multiple potential buyers. During this time, we remain focused on serving our loyal customers, and we are grateful for the support of our dedicated employees." The new offer, worth approximately $56.35 million comprising $50.45 million in cash and at least $5.9 million of value in the form of readily salable inventory, substantially improves upon Bluestar's earlier offer of $43 million. The signed Letter of Intent with Bluestar supersedes the previously-announced, $35 million proposal made by Authentic Brands Group, and is subject to negotiation of an Asset Purchase Agreement. Bluestar's approved stalking horse bid is subject to higher and better offers in the auction to take place on September 26, 2018. The deadline to submit competing bids is September 20, 2018.

  • When was Brookstone Company founded?

    Brookstone Company was founded in 1965.

  • Where is Brookstone Company's headquarters?

    Brookstone Company's headquarters is located at 1655 Bassford Drive, Mexico.

  • What is Brookstone Company's latest funding round?

    Brookstone Company's latest funding round is Acquired - II.

  • How much did Brookstone Company raise?

    Brookstone Company raised a total of $30M.

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