The Davis-Kidd saga continues in unexpected but hopeful ways. After Neil Van Uum lost out to his Lexington landlord Robert Langley in bidding for three of the Joseph-Beth bookstores, it now looks as if Van Uum has prevailed over Langley’s group in arranging to keep the Memphis Davis-Kidd location operating as a bookstore. The store’s Memphis landlord Tom Prewitt had backed Van Uum’s original bid for some of the bookstores.
In the initial bankruptcy auction, liquidator Gordon Brothers Retail bought the assets of the Memphis store. But a new group led by Van Uum, DK Booksellers, “has agreed to purchase substantially all assets at the Memphis location…and to continue operations as a bookstore at the Memphis location,” according to a document filed with the bankruptcy court overseeing the liquidation of Josepth-Beth’s assets. If they are successful, DK Booksellers will likely need a new name for the store, since Langley’s Booksellers Enterprises bought rights to the moniker Davis-Kidd.
Memphis Commercial Appeal
Barnes & Noble’s stock has experienced heavy trading volume lately, and among those selling into the company’s recent burst above $10 a share was Aletheia Research. The investment company sold almost 700,000 shares last week, according to a recent SEC filing. Since late February, Aletheia has continued its bizarre pattern of buying and selling more modest blocks of BN stock almost every trading day. Even with the recent sales, they still hold almost 6.4 million shares, or roughly 10.4 percent of the company.
Borders spokesperson Mary Davis has added to the company’s account of the potential exposure of customer data on millions of Borders Rewards members. She tell the Detroit News: “We acted very quickly to rectify the situation, and based on our present knowledge we believe the information that was obtained was limited to fewer than approximately 150 email addresses and/or customer names only.”
The Detroit News