Brookstone Puts Gardeners Eden Up for Sale

Two months after it agreed to be sold to a consortium of investors, cataloger/retailer Brookstone announced that it was putting its Gardeners Eden title up for sale. Selling gardening d├ęcor and accessories via catalog, the Web, and five stores, Gardeners Eden had sales of $16 million last year; it also had a pretax operating loss of $3.6 million.

“The divestiture of Gardeners Eden will allow Brookstone to dedicate all of its energy and resources to our core Brookstone business,” Brookstone chairman/president/CEO Michael Anthony said in a statement. In addition to its flagship brand, which sells high-tech gadgets and gifts, Brookstone also mails the Hard-to-Find Tools catalog.

On April 15, Brookstone signed a definitive agreement to be sold to OSIM International, J.W. Childs Associates, and Temasek Capital. It had acquired Gardeners Eden from Williams-Sonoma in 1999.

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