Brown & Cole Gets $12M Spending Budget

Brown & Cole said it expects to invest approximately $12 million over the next 18 months or so to upgrade its store base.

BELLINGHAM, Wash. — Brown & Cole here said it expects to invest approximately $12 million over the next 18 months or so to upgrade its store base. The money will come from its new majority owner, Hancock Park Associates, a Los Angeles-based private equity firm that became majority owner of the 20-store chain late last month as part of a corporate reorganization that followed 13 months of operating under Chapter 11 bankruptcy protection. Sue Cole, the chain's public affairs director, told

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