The American Companies That Aren’t Actually American Anymore

Brookstone

Brookstone was founded in 1965 by¬†Pierre de Beaumont, who opened the first store in¬†Peterborough, New Hampshire. The company specialized in mail-ordering tools and parts that were needed around the house. It ended up becoming a hit for a while but ended up dying off when the internet came around. In 2014, Brookstone wasn’t doing so well financially, so it ended up being bought out by Chinese company Sailing Capital and Sanpower.

The two Chinese companies acquired Brookstone for $173 million. The two companies decided to keep a number of the stores open, and there are still around 30 stores around in the United States.

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