Bookselling: Employees Buy Women & Children First, Hastings Sale Finalized

Chicago's Women & Children First Bookstore has been sold to two employees, Lynn Mooney and Sarah Hollenbeck, the Windy City Times reported. Their winning bid was one of "eight formal offers" made to owners and founders Linda Bubon and Ann Christophersen.

Separately, as expected, the sale of Hastings to a company controlled by Joel Weinshanker was formally approved by shareholders on Tuesday. Weinshanker says in the release, "It's an honor and a privilege to be able to be part of the next chapter of such an important American retailer as Hastings. We will continue to run the business with the same ethical standards and values that the Marmadukes founded and built the chain on."