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Barnes & Noble SOLD: Goliath has Fallen & What This Means for Writers

This is a fascinating post by Kristen Lamb.

Goliath has fallen. The leviathan Barnes & Noble, the big-box chain that reinvented retail and defined a generation…is no more.

SOLD!

Reuters announced early last Friday that the hedge fund Elliot Management Corp. would be purchasing the former book giant for roughly the equivalent of Kim Kardashian's jewelry allowance ($683 million including debt).

This bold move marks an end to the once-dominant book retailer's status as a publicly traded company.

After almost a decade of abysmally stupid business decisions and plummeting sales—and me blogging and b#@!$ing about it the entire time—this buyout feels like a mercy killing to me.

Someone might finally save Barnes & Noble from itself.


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Sunday, 14 July 2024

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