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Brookstone CEO resigns after taking chain through bankruptcy
New York -- Brookstone said its president and CEO, James M. Speltz, has resigned. The specialty retailer appointed Steve Schwartz, the company's chief merchandising officer, to serve as interim president and CEO.
Speltz helped Brookstone emerge from Chapter 11 bankruptcy protection in June. Also in June, a bankruptcy court judge approved its sale to to a consortium of Chinese investors, Sailing Innovation Inc., for $135.7 million.