Posted on

Investor Raises Stake in Barnes & Noble

Daniel R. Tisch - peoplewhowrite

Daniel R. Tisch

Reuters reports Barnes and Noble shares rose 8.2% this week upon news that investor Daniel R. Tisch increased his stake in the embattled bookseller — becoming its second biggest shareholder. The news comes as a reprieve after two months of negative press surrounding Barnes and Noble’s announcement they planned to slim down to 450 stores over the next 10 years, and reports of tense relations with publisher Simon and Schuster.

No word on how Tisch’s increased stake will impact Barnes and Noble’s future. Tisch has nearly 40 years of experience as an investor, and is a member of New York University’s Board of Trustees, Partnership for Children’s Rights, and Suffield Academy in Connecticut.

Advertisements

2 responses to “Investor Raises Stake in Barnes & Noble

  1. Pingback: Barnes & Noble May Separate From Struggling Nook | people who write

  2. Pingback: Barnes & Noble Buys Microsoft Out of It's Nook Stake | people who write

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s