Companies That We Believed To Be American, But They Are Really Not!

Published on 10/05/2021
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The Barclays Center

The majestic Barclays Center is well-known to aficionados of both sports and music. In 2019, Joseph Tsai, a Taiwanese-Canadian business magnate, completed the acquisition of this storied property. Additionally, the Alibaba Group’s chairman acquired the NBA’s Brooklyn Nets. ‘With full ownership of the Nets and the Barclays Center, we will continue to give our fans with our vibrant style of basketball,’ Tsai declared at the time. Additionally, “We have made a big investment in Brooklyn, and it will be an honor to bring the best of the Barclays Center and its incredible entertainment to our neighborhood.”

The Barclays Center

The Barclays Center

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Brookstone Inc

Brookstone Inc. originated in the mid-1960s as a mail-order business specializing in unusual and hard-to-find items. After a while, it expanded its product line to include alarm clocks, remote control toys, and so on. As of 2018, it operated 34 locations around the United States. However, in 2014, it suffered a financial setback and filed for bankruptcy. It’s fortunate that Sanpower and Sailing Capital, two Chinese corporations, purchased and saved it for $173 million. We are indebted to them for intervening in time to avert Brookstone’s bankruptcy. The public was relieved when the firm emerged from bankruptcy in July of that year.

Brookstone Inc

Brookstone Inc

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