Trade figures welcome Barnes & Noble deal

Trade figures welcome Barnes & Noble deal

Trade figures have largely welcomed the news that Waterstones boss James Daunt will become c.e.o. of both Waterstones and Barnes & Noble, after Elliott Advisors (UK) Limited bought the US chain in a $683m deal. But a warning has been sounded that some consequences of the deal - which marks the end of the once-dominant US book retailer as a publicly listed company - could also prove "challenging and painful".

Daunt will split his time between London and New York and says he needs to get to know the US chain but does not expect to make major changes to the number of stores or run-down its e-...

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