Deals
Brookstone in Talks With Spencer About Takeover, Bankruptcy Deal
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Brookstone Inc., the retailer known for massage chairs and electronic gadgets, is in talks to be acquired by Spencer Spirit Holdings, a deal that may include a prenegotiated Chapter 11 bankruptcy filing.
The company, which operates 240 locations in malls and airports, is working toward an agreement with Spencer, according to a statement today. Its stores, catalog, website and wholesale channels will continue to operate under the Brookstone name, and current employees will remain in place.