(Merrimack, NH) -- Brookstone is filing for bankruptcy and shutting down all of its stores in malls.
The New Hampshire-based company plans to keep 35 of its airport stores and its website open. This is the company's second bankruptcy filing in the past four years. The company known for massage chairs, luggage and quirky gadgets said it has 500-million dollars in liabilities while its assets were worth between 50- and 100-million dollars.
Brookstone's CEO said in a statement that the airport stores remain profitable and they are seeking a buyer. The company received a 30-million loan to stay afloat during bankruptcy proceedings.
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