Brookstone to file bankruptcy

There is an obvious joke somewhere in here about the massage chairs sold at Brookstone and the items sold at Spencer’s stores; however, we will leave that to the readers.  Brookstone is preparing to file a bankruptcy with Spencer Spirit Holdings, Inc. (owner of the Spencer’s and Spirit retail chains) poised to step in to purchase the specialty retail store.  According to sources, Spencer is expected to pay roughly $120 million for the bankruptcy Brookstone that is carrying about $140 million in debt.

For the full story see, “Brookstone plans bankruptcy filing.”

Image credit:  iamNigelMorris