Barnes &amp Noble’s Acquisition of Indie Bookstore Permitted by Court

.In mid-June, we wrote about how the Tattered Cover bookstore had applied for bankruptcy, and also just how it had approved Barnes &amp Noble’s offer of $1.83 million.On July 30th, the federal insolvency courthouse the purchase was waiting on authorized Barnes &amp Noble’s acquisition of the indie book shop, that includes four shops in Denver. Ragged Cover will be permitted to keep its own title, branding, and its own almost 70 staff members in the switch.Barnes &amp Royalty chief executive officer James Daunt said that the bookstore would be actually managed by its own outlet managers, telling the Denver Gazette, “Our company simply need to restore Worn-out Cover to be a great book store. They will be doing it, not our team.”.To find out more regarding Barnes &amp Noble’s latest accomplishment, check out Publishers Weekly or the Denver Gazette.Locate even more information as well as accounts of rate of interest coming from the book world in Barging in Books.