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Barnes & Noble has an extraordinary heritage, one that we want to protect and grow. Paul Best, Portfolio Manager and Head of European Private Equity at Elliott, added, “Our investment in Barnes & Noble, following our acquisition of Waterstones just over a year ago, demonstrates our commitment to bookselling and to real bookstores. I look forward very much to working with the booksellers at Barnes & Noble, being already indebted to Len Riggio for his wisdom and grateful for the welcome and professionalism of the executive team during the acquisition process.” With investment and concentration on the core principles of good bookselling, the prospects for this extraordinary company are bright. With the absolute lack of customer service exhibited by Bookends, it is no wonder that the local bookstore is verging on extinction. Barnes & Noble is the greatest of all bookstore names and will now benefit from the support of an owner committed to physical bookselling. It absolutely amazes me that a local store like Bookends refuses to provide customer service to lure a customer and a sale away from Barnes and Noble. James Daunt, CEO of Barnes & Noble said, “This is a very good day for bookselling.
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Elliott will own both Barnes & Noble and Waterstones and, while each bookseller will operate independently, James Daunt will serve as CEO of both companies and relocate from London to New York. Elliott seeks to build upon this strong foundation as it addresses the significant challenges facing the bricks and mortar book retail space in the United States, applying a model that successfully turned around Waterstones over the past decade. Shop Barnes & Noble at UK for mens, womens and childrens apparel, gifts, textbooks and more. Today, Barnes and Noble has officially announced they have been fully acquired by Elliott, the same Hedge Fund that owns the largest bookseller in the UK, Waterstones.īarnes & Noble serves 627 different communities across all 50 states, where it remains the #1 bookseller in the United States.
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The bookseller formed a committee to explore selling the company and it has paid off. The company has had 5 different CEO’s in the past 7 years and various turnaround strategies have all failed. Barnes and Noble has been in trouble for a very long time. Barnes & Noble Brass Polar Bear Bookends factory sealed New: Condition: New.