The Iconic American Brands Are No Longer American

From its roots as a niche mail-order business in the 1960s, Brookstone Inc. evolved, selling unique gadgets and expanding to 34 U.S. stores. Acquired by Chinese firms Sanpower and Sailing Capital, its journey reflects a remarkable transformation.

In 2014, Brookstone faced financial turmoil and filed for Chapter 11 bankruptcy. Fortunately, a $173 million buyout by Sailing Capital and Sanpower, coupled with significant financial support, rescued the company, enabling it to emerge from bankruptcy in July of the same year.