Brookstone
Brookstone applied for bankruptcy in August 2018. The plan was to shut down 101 stores across the U.S. Famous for home items and tech products, the company is on the lookout for a buyer as well. However, it is only planning to sell the wholesale operations, airport stores, and e-commerce businesses. We hope that things turn out well for this beloved company!
Rockport
In May 2018, Rockport Group applied for bankruptcy. By July 2018, the footwear retailer was acquired by a private-equity group called Charlesbank Capital Partners. It hopes to make a comeback. Its new parent company has subsidiaries like Papa Murphy’s Take ‘N’ Bake Pizza, Princeton Review, and Drug Mart stores. That is one diverse portfolio, isn’t it?