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2014-06-03 20:22:38

MERRIMACK, N.H., June 3, 2014 /PRNewswire/ -- Innovative product development company and multi-channel retailer Brookstone, Inc. ("Company") announced today that Sailing Innovation (US) Inc. ("Sailing"), a consortium led by Sailing Capital Overseas Investment Fund, LP, along with a financing commitment from GE Capital, has been selected as the winning bidder at the Company's June 2 auction for a final purchase price of $135.7 million, net of cash and assumed liabilities. The sale is...


Word of the Day
monteith
  • A large punch-bowl of the eighteenth century, usually of silver and with a movable rim, and decorated with flutings and a scalloped edge. It was also used for cooling and carrying wine-glasses.
  • A kind of cotton handkerchief having white spots on a colored ground, the spots being produced by a chemical which discharges the color.
This word is possibly named after Monteith (Monteigh), 'an eccentric 17th-century Scotsman who wore a cloak scalloped at the hem.'
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