Brand licensor Bluestar challenges Authentic Brands for Brookstone

NEW YORK (Reuters) - HanksBrand licensor Bluestar Alliance LLC, managing women's fashion labels including bebe and Tahari, is challenging competitor Authentic Brands Group LLC for the intellectual property of bankrupt gadget and gift retailer Brookstone Company Inc with a bid of $40 million, according to papers filed late Tuesday.After filing for bankruptcy for the second time earlier this month, Brookstone is searching for a buyer. Authentic Brands proposed to be the so-called stalking horse..