Brookstone
Brookstone also filed for Chapter 11 bankruptcy protection in August 2018. The company planned to shut down 101 stores across the United States. It is famous for home items and tech products. The company is now looking for a buyer, but the sale will be limited to airport stores, wholesale operations, and e-commerce sites. CNBC said that it is planning to shut down 101 stores overall.
Rockport
Rockport Group is a shoe retailer that operates in more than 60 countries. It filed for Chapter 11 bankruptcy protection in May 2018. Charlesbank Capital Partners bought it after that and completed this acquisition by July 2018. We hope that the footwear store can make a comeback! We remain hopeful since the new owner also ventured in other industries and bought Papa Murphy’s Take ‘N’ Bake Pizza, Shoppers Drug Mart, and Princeton Review.