Owner of Breathe Books in Baltimore, MD Susan Weis-Bohlen is looking for an additional business partner in order to keep the store operating but also make time for travel and teach. She will host a Town Hall meeting on August 25 to talk about the future of the store and “find an individual, or a group of people, to partner with me so that we can grow breathe books and its programs.” Breathe Books letter The Travel Bookshop in London’s Notting Hill neighborhood will close in two weeks, and has begun its going-out-of business sale. Anglotopia.net Just two years after […]
Bookstores
Liberty Media Invests $204 Million in Barnes and Noble For a 16.6 Percent Stake
A day after rumors swirled that Liberty Media had stepped back from buying a 70 percent stake in Barnes & Noble, the bookseller announced Thursday afternoon that Liberty had invested an aggregate of $204 million, through the purchase of newly issued convertible preferred stock, which can be converted into 12 million shares of common stock. The purchase was for the same $17 a share as the original buyout offer – now abandoned – and Liberty will receive a quarterly dividend at an annual rate of 7.75 percent. Under the deal, which closes today, and subject to the waiting period under anti-trust […]
Bookselling: Ann Patchett’s Nashville Store Signs Lease; Ivy Bookshop For Sale; And More
Parnassus Books, the Nashville bookstore co-owned by author Ann Patchett and Random House sales rep Karen Hayes, will be located in the city’s Greenbriar Village neighborhood, the same area where Davis-Kidd was located before it closed at the beginning of 2011. The 2,500-square foot store will open in October. “The location was great. I would rather thrive in a small space than shiver in a big space,” Patchett told the Tennessean. “David Crabtree (executive vice president of Brookside Properties, which owns the space) is so spectacular. Some people said we don’t want a bookstore. Bookstores are dead, but he got […]
Liberty Media Now Favors Other Options Instead of Outright BN Buy
In the more than three months since Liberty Media stated its intention to buy a 70 percent stake in Barnes & Noble at 17 cents a share, further reports suggested that prospect had dimmed, or at least put on hold. Then on Wednesday morning a report by dealReporter – which has a hit-or-miss track record on such things – intimated that “constraints on financing had quieted deal talk” and that Liberty was leaning towards “a preferred share investment.” Per “two sources familiar with the situation and an industry banker following the situation,” the original deal wasn’t off the table, but […]
Bookselling: Sales Rise for Elliot Bay; Another Books-A-Million Store Replaces Borders; And More
Success Magazine profiled Elliott Bay Book Company as part of its “American Comebacks” series, looking at how the store has functioned since it moved from Seattle’s Pioneer Square neighborhood after 36 years there to a smaller venue in Capitol Hill. Owner Peter Aaron said he “figured he needed a 10 percent rise in sales to keep the business viable. Sales have held at a better level, up 15 to 20 percent compared to the previous year.” The store is also stocking books in categories that never sold well before, such as cozy mysteries, LGBT titles, and remainder books. Success Magazine […]
Briefs: Pearson Gets Go-Ahead To Buy REDGroup Online Business; Sharing Google Books in Google+; and More
Some of the news that’s accumulated on a Friday in August: The Australian Competition Commission announced it “would not oppose” Pearson’s acquisition of the bankrupt REDGroup Retail’s online business, including the websites for Borders Australia and Angus & Robertson. saying it “will provide a summary of the reasons for its decision in due course.” Administrators Ferrier Hodgson also said that creditors must lodge any last claims against REDGroup by September 1, with final dividends due to be paid out in October. In addition, any customers still holding Angus & Robertson and Borders gift cards who file claims with administrators will […]