Tuesday, June 25, 2019

Can a new owner re-write the story of Barnes & Noble?

Retail Dive
If the life of Barnes & Noble were a book, this is the part where the calvary comes riding over the hill or the White Knight charges in, after many pages of tension.

Eight months after officially exploring a sale, Barnes & Noble landed a buyer in June. The $34 billion hedge fund Elliott Management has already picked up a large bookstore chain overseas, Waterstones, and Paul Best, Elliott's portfolio manager and head of European private equity, said when the Barnes & Noble deal was announced that it, "demonstrates our conviction that readers continue to value the experience of a great bookstore." . . . more