In January 2014, Brookstone missed an interest payment to bondholders on their debt of $125 million from the original Osim/Childs/Temasek buyout. As a result, Brookstone began to consult with firms including Hilco Global and Tiger Capital Group LLC about buying or investing in the company. On March 26, 2014, it was reported that the mall retailer Spencer Spirit Holdings, the parent of Spencer Gifts, would look to acquire Brookstone out of Bankruptcy for $120 million. On April 3, 2014, Brookstone filed for bankruptcy as expected.