Authentic Brands Group Makes $35 Million Bid for Brookstone Ahead of Auction

by | Aug 28, 2018 | Commercial Real Estate News

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Authentic Brands Group Makes $35 Million Bid for Brookstone Ahead of Auction

Authentic Brands Group has offered to buy Brookstone’s remaining assets.

A licensing firm known for buying up formerly struggling retail brands is attempting to resuscitate gadget and gifts chain Brookstone, which said it plans to close 101 mall stores.

Authentic Brands Group, which has been described as a “hospital” that restores iconic brands, made a $35 million initial bidder offer this week to acquire the assets of Brookstone, the retailer…

Article From: "Key Realty Commercial Real Estate News"   Read full article