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By the end of the 20th century, Riggio had built Barnes & Noble into the world's largest bookseller. [14] From 1985, Riggio was Chairman of the Board and majority owner of MBS Textbook Exchange, Inc. based in Columbia, Missouri. [15] As of 2024 at the time of his death, MBS was one of the nation's largest wholesalers of college textbooks. [16]
Owner: Elliott Investment Management: Number of employees. 24,000 (2019) ... The Barnes & Noble Review is an online magazine, hosted on Barnes & Noble's website, ...
On 7 June 2019, Elliott Management announced it would acquire Barnes & Noble for around $683 million. [84] On 7 August 2019, Elliott Management completed the acquisition of the company. [85] James Daunt will be CEO of both Waterstones and Barnes & Noble and will relocate from London to New York. [86]
In May 2011, he was appointed managing director of Waterstones by the company's new owner, the Russian billionaire Alexander Mamut. [7] The pair were listed at fourth place in a 2011 Guardian list of the top 100 people in the British books industry. [8] Daunt was elected an Honorary Fellow of the Royal Society of Literature in 2017. [9] [10]
Parneros was appointed chief operating officer of Barnes & Noble in November 2016. In April 2017, he was appointed CEO, with responsibility for all company operations, including brick-and-mortar stores, merchandising, e-Commerce, publishing, IT systems and real estate.
A few months later, in May 2000, Barnes & Noble acquired Funco, the owner of Eden Prairie, Minnesota–based video game retailer FuncoLand, for $160 million. [19] Babbage's Etc., which had been previously operating as a direct subsidiary of Barnes & Noble, became a wholly owned subsidiary of Funco. [20]
On May 11, 2021, news sites started reporting that Paper Source had emerged from bankruptcy and sold to Barnes & Noble. The sale would save about 130 stores and 1,700 employees. Barnes & Noble CEO James Daunt will oversee both companies. While the two businesses plan to operate independently, it hinted at possible partnerships in the future. [9]
As a result of the declining profits, Dayton Hudson Corporation sold the B. Dalton chain to Barnes & Noble. [2] [5] Under Barnes & Noble's ownership, B. Dalton acquired Scribner Book Stores, Inc. from Rizzoli International Bookstores in 1989, [6] and began a video game store called Software, Etc. (now GameStop). [3]