Barnes & Noble gives Borders the once over
Barnes & Noble may be shifting its gaze toward Borders whose Ann Arbor headquarters employs roughly 1200.
Barnes & Nobel have put together a team to take a long hard look at buying Ann Arbor’s Borders Group Inc. The two book stores are ranked No. 1 and No. 2 respectively in sales. If bought, what does that mean to those jobs in Ann Arbor? Unfortunately, it’s not entirely sure.
Excerpt:
In March during a quarterly conference call with analysts and investors, Barnes & Noble Chief Operating Officer Mitchell Klipper said the company would “certainly take a good look at (Borders) and put it under review.”
Still, the news that Barnes & Noble has assembled a team of executives and advisers to study Borders could have huge implications for the bookseller’s Ann Arbor headquarters, which employs about 1,200 people.
If Barnes were to offer to buy a part or all of Borders, the companies would likely wrestle with what to do with the dual headquarters and the locations where they’d have two stores in close proximity to each other. Antitrust questions are likely to arise, too.
Read the entire article here.
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