Well, it’s official. In early August, James Daunt and his UK hedge fund Elliott Advisors handed over an enormous lump sum of money and completed the purchase of Barnes & Noble, the last giant retail bookstore chain in the United States. Daunt, already the CEO of Waterstones in Britain, paid $683 million and took ownership […]
Every publishing season, they appear in droves: well-designed and spottily-edited novels with broad-shouldered men and leather-jacketed women on their covers, with titles like “The [Something-Something] Gambit” or “The [So-and-So] Protocol” or “The [What-Have-You] Legacy.”
London odds-makers and bet takers were all in a flurry in July, and the subject of their agitation wasn’t the winner of the Cheltenham Gold Cup or the estimates on whether a peroxide-blond oaf would become the next Prime Minister – no, all the betting action was about books.