Brookstone Files For Bankruptcy Again, Will Close 101 Mall Stores

Brookstonehas filed for Chapter 11 bankruptcy protection after securing approximately $30 million in post-petition financing, according to numerous published reports. As part of a planned restructuring, Brookstone will shutter its 101 mall-based locations. The retailer hopes to continue operating its e-Commerce, wholesale and approximately 35 airport stores, which have been performing well, with an eye toward a future sale of these assets. Brookstone has lined up a $30 million loan to keep the d...