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UPI: Retailer Brookstone Mulls Bankruptcy

February 18, 2014, 07:33 AM
Filed Under: Bankruptcy

UPI reports U.S. retailer Brookstone Inc., which specializes in top-end gadgetry, said it was considering bankruptcy while negotiating deals to sell the company.

The retail chain is about $200 million in debt according to a Wall Street Journal article from last week.

While considering a restructuring strategy, it is also talking with Hilco Global and Tiger Capital Group as it looks for a cash infusion or an outright sale, the Journal said.

"In order to ensure Brookstone's successful future, the company is evaluating its options with respect to refinancing and/or restructuring its bond and other debt, and improving its capital structure," the company said in a statement.

To view the entire UPI article click here.

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