Yesterday a Lexington bankruptcy court tentatively approved the results of the Joseph-Beth auction pending the entry of a sales order that’s expected Wednesday afternoon. The Lexington Herald-Leader reported the deal will close at the end of business Thursday, with the new owners taking over operations Friday morning. It puts three stores in the hands of Booksellers Enterprises for total consideration worth $3.98 million, with Joseph-Beth coo Mark Wilson serving as ceo of the new operating company. Liquidators Gordon Brothers bought the Virginia store for $672,000, and will sign the space over to Books-A-Million. Founder and former owner Neil van Uum’s […]
