Joseph-Beth Booksellers is closing branches in Pittsburgh and Charlotte, NC. Director of marketing Chad Showalter says with sluggish forecasts into 2011, “we decided we needed to make a significant change.”Post-Gazette In Newton, MA, New England Mobile Book Fair–“the largest independent bookstore in New England”–is looking for a buyer. Attorney Steve Gans emphasizes that the 53-year-old […]
For Sale
New Owner on DGNA
CEO of the Najafi Companies Jahm Najafi spoke briefly to the WSJ about his deal to purchase Direct Groug North America (DGNA) from Bertelsmann: “We’re very excited about this because we see great brands and excellent marketers. We have extensive experience in the online world and think we can change the nature of this business […]
Weltbild: Clarified In Translation
More information on the potential sale of Germany’s Weltbild, which a colleague there calls “the biggest fish to come on to the market” in some time, with sales of approximately 2 billion euros a year, and a market value estimated at about 1 billion euros a year. Holtzbrinck is already a 50-percent owner of Weltbild’s […]
Papers Say Direct Group France Sale Planned
Le Figaro and Les Echos have reported that Bertelsmann is working with Morgan Stanley to elicit offers for the Direct Group France division, which comprises both book clubs and the France Loisirs bookstore chain. One paper estimates the group could sell for 300 million euros, and the business newspaper says the sale could begin in […]