Don’t Be Fooled By These Companies, They Were Not Owned By Americans Anymore

Published on 10/27/2021
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The Barclays Center

The iconic Barclays Center is well-known among sports and music fans alike. Earlier this year, Joseph Tsai, a Taiwanese-Canadian business tycoon, completed the purchase of the historic venue. In addition, the chairman of Alibaba Group bought the NBA’s Brooklyn Nets. Tsai promised then that “with full ownership of the Nets and Barclays Center, we will continue to bring our exciting brand of basketball to our fans. “We’ve made a strong commitment to Brooklyn,” he continued, “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

Brookstone Inc. began in the mid-1960s as a mail-order company that sold unique and hard-to-find tools. Eventually, it began selling a wide range of goods such as remote control toys and alarm clocks. It had 34 U.S. locations as of 2018. However, in 2014, the company faced financial difficulties and even declared bankruptcy. It’s a good thing that Sanpower and Sailing Capital, two Chinese conglomerates, bought it for $173 million and saved it. Our thanks go out to them for saving Brookstone from bankruptcy just in time. People were relieved when, in July of that year, the company emerged from bankruptcy.

Brookstone Inc

Brookstone Inc

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