January 25, 2015 6:13 PM ET

Specialty Retail

Company Overview of Brookstone Inc.

Company Overview

Brookstone, Inc., through its subsidiaries, operates as a specialty retailer in the United States. The company operates through three segments: Retail, e-Commerce, and Alternative Distribution. It sells various technology products, such as audio products, mobile solutions, headphones, and digital media products; wellness products comprising massagers, eComfort, massage and comfort chairs, and sleep solutions; travel products, including in-flight comfort, travel lifestyle, mobile charging, and mobile accessories; and home products consisting of home lifestyle, outdoor, entertainment, and holiday/seasonal products. The company operates full-year stores, seasonal stores, and kiosks; and offers ...

One Innovation Way

Merrimack, NH 03054

United States

Founded in 1965

Phone:

603-880-9500

Fax:

603-577-8004

Key Executives for Brookstone Inc.

Chief Executive Officer
Chief Financial Officer and Vice President
Age: 59
Director
Age: 55
Vice President and General Counsel
Age: 47
Chief Merchandising Officer
Age: 49
Compensation as of Fiscal Year 2014.

Brookstone Inc. Key Developments

Brookstone Inc. Announces Executive Changes

Brookstone Inc. will appoint senior retail executive Thomas M. Via as president and CEO, and as a member of its board of directors, effective December 1, 2014. Steven H. Schwartz, who had been serving as interim CEO, will resume his role as chief merchandising officer. Mr. Via spent the past 12 years at Toys"R"Us, most recently as its Senior Vice President for Babies"R"Us in the U.S., where he was responsible for providing leadership for the company's juvenile product growth strategy and served on the Global Commercial Committee.

Brookstone Announces Executive Changes

Brookstone announced the resignation of James M. Speltz, President and Chief Executive Officer. Steve Schwartz, the company's Chief Merchandising Officer, has been appointed by the board to serve as Interim President and CEO. Mr. Schwartz has been with Brookstone for 15 years, and has led the Merchandising, Product Development and Marketing teams at Brookstone for the last three years.

GE Capital Provides Brookstone with $115 Million Senior Credit Facility

GE Capital announced it is providing Brookstone with a $115 million senior credit facility. The financing will be used to support the company's recent acquisition by Sailing Innovation (Sailing) and general working capital needs.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 3, 2014
--
Bankruptcy
April 3, 2014
--
Merger/Acquisition
April 3, 2014
--
 

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