Retail News

Barnes & Noble acquires Paper Source out of bankruptcy

CNBC 05/12/2021

Elliott Investment Management, the parent company of Barnes & Noble, has acquired Paper Source, a gift and stationery retailer. James Daunt, CEO of Barnes & Noble, will oversee both businesses, which will continue to operate independently, although future collaborations are likely. Paper Source will operate 130 U.S. stores, an e-commerce website and its Waste Not Paper wholesale business.

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