If You Thought These Companies Are Still American, You Are Wrong

Published on 08/23/2020
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The Barclays Center

Any sports fan and music lover will be familiar with the iconic Barclays Center. In 2019, a Taiwanese-Canadian businessman magnate by the name of Joseph Tsai finalized the purchase of this legendary venue. Aside from that, the Alibaba Group chairman purchased the Brooklyn Nets of the NBA. “With full ownership of the Nets and Barclays Center, we will continue to bring our exciting brand of basketball to our fans,” Tsai said back then. He went on, “We’ve made a strong commitment to Brooklyn and it will be a privilege to present the best of Barclays Center with its great entertainment to our community.”

The Barclays Center

The Barclays Center

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Brookstone Inc

In the mid-‘60s, Brookstone Inc. got its start as a mail-order business that sold special and rare tools. After some time, it started to sell various items such as alarm clocks, remote control toys, and more. By 2018, it had 34 locations in the United States. In 2014, however, it went through difficult times and even filed for bankruptcy. It was a good thing that Chinese companies called Sanpower and Sailing Capital rescued it by purchasing it for $173 million. We are glad that they stepped in at the right time so that Brookstone did not go under completely. People were relieved when the company was finally able to come out of bankruptcy a couple of months later in July 2014.

Brookstone Inc

Brookstone Inc

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