Brookstone
It appears that August 2018 is a good time to file for Chapter 11 bankruptcy. Brookstone was another company that filed for Chapter 11 on the said month and planned to close 101 stores in the U.S., according to CNBC. Brookstone is famous for its tech products and home items like gadgets, fancy pillows, and massage chairs. Just like Gump’s, Brookstone is also searching for a buyer but only for its e-commerce businesses, airport stores, and wholesale operations. CNBC reports that it’s closing all 101 stores in other locations. The report continues to say that landlords haven’t had so many vacant spaces in malls since 2012. Up next is another shoe company at risk for bankruptcy.
Brookstone
Rockport
Rockport Group specializes in shoes with retailers selling their products in over 60 countries. In May 2018, it filed for bankruptcy, joining the ranks of fellow shoemakers Nine West and Payless. After it filed for bankruptcy, it was bought by Charlesbank Capital Partners, a private-equity group, completing the acquisition in July 2018. Hopefully, it makes a successful comeback. Chalesbank Capital, the private-equity group that bought Rockport, also ventured in other businesses like Shoppers Drug Mart, Princeton Review, and Papa Murphy’s Take ‘N’ Bake Pizza stores. Those companies are quite different from each other. Now, adding Rockport, this private-equity company has a very diverse portfolio! We will cover another show company that filed for Chapter 11.
Rockport
