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

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