The sale of the Tattered Covered bookstore, a longtime staple of the country’s independent bookstore scene, to Barnes & Noble got the go-ahead Tuesday from a bankruptcy court judge.
A bankruptcy court judge has given approval for Barnes & Noble to buy Denver’s Tattered Cover bookstore for $1.83 million. The store will keep its name and Barnes & Noble says the store will chart its own course as it rebuilds.A bankruptcy court judge gave the go-ahead Tuesday to the sale of the Tattered Cover bookstore, a longtime staple of the country’s independent bookstore scene, to Barnes & Noble.
James Daunt, Barnes & Noble CEO, said by phone Tuesday that he was happy that Tattered Cover will stay in business and that jobs will be preserved.The agreement agreed to by Bended Page and Barnes & Noble included covering the $1.6 million in secured claims that Tattered Cover owes. Barnes & Noble will pay $50,000 for back rent and plans to extend the leases on the store’s sites.The lease on Tattered Cover’s main location at East Colfax Avenue in Denver will be extended through 2038.
“They have very good store managers. I think we now have to put them back on their feet and get them all ordering books and assorting their stores properly,” he added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Superman’s Death Unlocked a Secret Power He Only Just MasteredSuperman in Recovery Suit with Tattered Cape DC Featured
Read more »
Snapp Shots: Albany OKs fall election measure to let 16-year-olds voteNate is an East Bay community papers editor for the East Bay Times and Bay Area News Group.
Read more »
Read the First Chapter of Jennifer Lynn Barnes’s The Grandest GameDive into the first chapter of Jennifer Lynn Barnes's highly anticipated Inheritance Games spin-off The Grandest Game right now.
Read more »
Cleveland Planning Commission OKs plans that could provide home for Cleveland Sports Hall of FameUrban Community School’s plans for a recreation center include a location for the Greater Cleveland Sports Hall of Fame
Read more »
Detroit Lions Derrick Barnes, Dan Skipper put training camp fight behind themNo bad blood between Detroit Lions Derrick Barnes, Dan Skipper after NFL training camp skirmish.
Read more »
City Council OKs San Diego’s first-ever child and youth planThe final plan is the result of youth input gathered through focus groups and meetings to ensure young voices were heard.
Read more »