Brookstone Inc., the specialty retailer known for selling massage chairs, travel gadgets and other novelties at malls and airports, is shopping for bankruptcy financing to fund its business if it files for chapter 11 protection, according to people familiar with the matter.
The retail chain is seeking a roughly $50 million to $60 million loan to keep the business afloat, one of the people said. A chapter 11 filing could happen shortly after it nails down the financing, the people added.
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