What's news
China Daily | Updated: 2014-06-06 06:57
Sanpower-backed group buys luxury retailer Brookstone
Brookstone Inc, the bankrupt luxury-gadget retailer, has agreed to sell its assets to a group of Chinese buyers for more than $173 million at an auction, a lawyer said. A company backed by Chinese retail conglomerate Sanpower Group and Hong Kong-based private-equity firm Sailing Capital won the auction on Wednesday after Brookstone decided they had submitted the highest and best bid, said Cathy Hershcopf, a lawyer for unsecured creditors.
Qualcomm plans first chips for Chinese smartphones
Photo
