Elliott Management Agrees to Buy Barnes & Noble, Daunt to Run Both B&N and Waterstones

Elliott will pay some US$476 million for Barnes & Noble, having last year bought the UK's main chain Waterstones. James Daunt is to run both companies. The post Elliott Management Agrees to Buy Barnes & Noble, Daunt to Run Both B&N and Waterstones appeared first on Publishing Perspectives. Continue reading at 'Publishing Perspectives'

[ Publishing Perspectives | 2019-06-07 12:22:03 UTC ]
News tagged with: #james daunt #$476 million #barnes noble #year bought

Other Publishing stories related to: 'Elliott Management Agrees to Buy Barnes & Noble, Daunt to Run Both B&N and Waterstones'

Parneros Will Seek Dismissal of Barnes & Noble Countersuit

In a letter to the court last week, lawyers for Demos Parneros contend that “as a matter of law” B&N lacks the foundation to recover anything from its former CEO, and further suggest that the retailer’s theory that Parneros purposefully derailed the sale of the company to preserve his role... Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-26 00:00:00 UTC ]
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Attorneys for Parneros, Barnes & Noble Meet in Court

At a 20-minute initial conference, lawyers for Demos Parneros portrayed the fired CEO as a respected executive who is now "unhirable" after being wrongly dismissed for alleged sexual harassment. Lawyers for Barnes & Noble said they have "a different view of the facts." Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-13 00:00:00 UTC ]
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Books about the Trump White House are flying off the shelves at Barnes & Noble

2018 is the year people wanted to read about politics. Barnes & Noble reported a 57% surge in sales of political books compared with last year. The sales spike was driven by books that have been selling like wildfire all year long, from Michael Wolff’s "Fire and Fury: Inside the Trump White... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-10-09 00:00:00 UTC ]
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Barnes & Noble considers sale

Beleaguered US bookselling chain Barnes & Noble has said it has received "expressions of interest from multiple parties in making an offer to acquire the company". Continue reading at The Bookseller

[ The Bookseller | 2018-10-06 00:00:00 UTC ]
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Salesforce Billionaire Marc Benioff Agrees to Buy Time Magazine

Marc Benioff, the chief executive of Salesforce. He and his wife, Lynne, have agreed to buy Time magazine from Meredith Corporation for $190 million. Continue reading at The New York Times

[ The New York Times | 2018-09-17 00:00:00 UTC ]
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Barnes & Noble Stock Jumps After Investor Ups Stake

After reporting disappointing Q1 results on Thursday, Barnes & Noble saw its stock price jump on Friday following a new investment by Richard Schottenfeld, the head of an eponymous investment firm that took a 5.58% stake in the book chain in July. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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Barnes & Noble plunges as bookseller's sales slide deepens

Barnes & Noble Inc. began its new fiscal year with disappointing results as the turnaround promised by its recently ousted chief proves elusive. Same-store sales at the book and gift seller slipped... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2018-09-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #barnes noble #fiscal year #disappointing results

Barnes & Noble’s Former CEO, Demos Parneros, Launches Lawsuit Against Bookseller

A late-summer standoff has flared with the US publishing industry's largest–and longest-struggling–brick-and-mortar retail chain. Its former CEO is suing for defamation. The company, in response, alleges sexual harassment. The post Barnes & Noble’s Former CEO, Demos Parneros, Launches... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-08-29 00:00:00 UTC ]
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Barnes & Noble CEO ouster is latest setback in age of Amazon

Barnes & Noble's sudden firing of its CEO after only 14 months on the job dealt another setback to the embattled book seller as it struggles against stiffer competition from Amazon.The sudden vacancy at the top leaves Barnes & Noble treading water while it looks for a new leader, says... Continue reading at Advertising Age

[ Advertising Age | 2018-07-05 00:00:00 UTC ]
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Barnes & Noble fires its CEO Parneros without severance pay

Barnes & Noble has fired CEO Demos Parneros for violating company policies and said he'll exit the post without severance.A spokeswoman declined to say why he'd been terminated. It was "not due to any disagreement with the company regarding its financial reporting, policies or practices or... Continue reading at Advertising Age

[ Advertising Age | 2018-07-04 00:00:00 UTC ]
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Golden Hare manager slams Waterstones' plans for nearby store

The manager of Edinburgh retailer Golden Hare Books has hit out at Waterstones’ plans to open an unbranded store nearby. Continue reading at The Bookseller

[ The Bookseller | 2018-05-16 00:00:00 UTC ]
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Strange bedfellows: what Elliott Advisors wants with Waterstones

Philip Jones reacts to the sale of Waterstones and the trade's concern that a private equity purchase of a book business rarely runs smoothly. Continue reading at The Bookseller

[ The Bookseller | 2018-04-28 00:00:00 UTC ]
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Trade welcomes Daunt's continued leadership after Waterstones sale

Publishers, authors and agents have welcomed Waterstones’ change of ownership this morning and expressed relief at the news James Daunt is staying on to lead the company. Continue reading at The Bookseller

[ The Bookseller | 2018-04-27 00:00:00 UTC ]
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Waterstones Sold, Daunt to Stay CEO

Elliott Advisors, a U.S. investment firm, has agreed to buy U.K. bookstore chain Waterstones for an undisclosed sum. James Daunt will remain CEO. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-04-26 00:00:00 UTC ]
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'Solid accounts' for Waterstones will appeal to buyers, Daunt says

Waterstones plans to press ahead with its programme of opening new premises in 2018, despite the business being up for sale. Continue reading at The Bookseller

[ The Bookseller | 2018-01-26 00:00:00 UTC ]
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Daunt wants to stay on as Waterstones chief after sale

James Daunt has said the process of selling Waterstones has resumed after Christmas, while expressing a desire to stay on as managing director of the chain retailer after the new owners come in. Continue reading at The Bookseller

[ The Bookseller | 2018-01-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #james daunt #chain retailer

Barnes & Noble’s best-selling books of 2017 are just so 2017

What do The Handmaid’s Tale, 1984, Rupi Kaur’s stories of survival, and The Subtle Art of Not Giving a F*ck have in common? They are all some of 2017’s best-selling books, according to Barnes & Noble. The bookseller has just released its top-selling fiction and nonfiction titles, and the... Continue reading at Fast Company

[ Fast Company | 2017-12-18 00:00:00 UTC ]
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ST report on Waterstones sale 'sensible enough', says Daunt

A story in yesterday's Sunday Times reporting that N M Rothschild corporate financiers have been asked by Waterstones owner Alexander Mamut to explore a £250m sale of the chain has been described as "sensible enough" by the chain's m.d. James Daunt. Continue reading at The Bookseller

[ The Bookseller | 2017-10-31 00:00:00 UTC ]
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Daunt dismisses Russian bank link to Waterstones

Waterstones managing director James Daunt has moved to dismiss any suggestion that a Russian bank collapse will impact on the future ownership of the retail chain, saying that the situation is of “no interest or concern” to the business. Continue reading at The Bookseller

[ The Bookseller | 2017-10-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #future ownership #retail chain