Barnes & Noble founder abandons plan to purchase again retail enterprise

Barnes & Noble founder abandons plan to buy back retail business

Barnes & Noble’s “founder”* Leonard Riggio has conceded that his plans to rescue the agency have been iced. Because of those self same SEC laws that tipped us to his intentions, the corporate’s majority shareholder has admitted that he will not try his formidable rescue of the ailing retailer. In a press release, Riggio urges B&N to push the Nook pill, serve its 10 million-robust buyer base and construct out the corporate’s struggling retail enterprise. On the similar time, Barnes & Noble let slip that no less than one new Nook system will arrive earlier than the vacation season, presumably the primary that’ll be produced by a third social gathering — however let’s be trustworthy, it is not wanting good.

*He based the ebook chain that may purchase the Barnes & Noble identify, pedantry followers.

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