Brookstone will close all its US mall stores after second bankruptcy in four years

Brookstone, the chain best known as "that place you go while you're waiting for your airplane to board," has filed its second bankruptcy in four years, and it will close all 102 of its mall locations across the US, the company said on Thursday. The remaining 35 airport stores will remain open as it attempts to find a buyer.

In 2014, Brookstone sold to Chinese conglomerate Sanpower for $173 million in a bankruptcy auction, and it has now secured an additional $30 million loan to continue operation during this sale. Its bankruptcy filing declares debts of up to $500 million and assets between $50 million and $100 million.

"The decision to close our mall stores was difficult," Brookstone chief executive...

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