Update on Barns & Noble…

The May edition of Electric Press – Literary Insights magazine led with a feature on Waterstones, the UK bookstore.

This is the latest news.

The hedge fund (Elliott), owner of the UK’s largest book chain, Waterstones, has bought Barnes & Noble, the biggest chain in the US.

The UK arm of the $35bn Elliott Management hedge fund plans to install James Daunt, the Waterstones boss, in New York as chief executive of both chains, with the two brands retained and operated separately.

Barnes & Noble’s founder and chairman, Leonard Riggio, said Waterstones and Elliott were “uniquely suited to improve and grow our company for many years ahead” and promised to work with Daunt for a smooth transition.

Read the Electric Press magazine at; https://issuu.com/electricpress/docs/electric_pressmay2019pub

Read more about this article at; https://www.theguardian.com/books/2019/jun/07/waterstones-owner-buys-us-chain-barnes-noble

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