March 30, 2005

Resistance is futile, Part I . . .

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Is the Ottakar’s bookselling chain, one of England’s biggest and most popular, so troubled that it may be ripe for a takeover? A Guardian story by Mark Tran notes the company has announced a significant drop in sales, which resulted in a significant drop in shares. Meanwhile, it has also undergone a shake-up in its upper-level management. Says Tran, ” Analysts say the difficulties of the bookshop make it a potential takeover target should Barnes & Noble look to enter the UK or should Borders be looking to expand on the high street.”

Dennis Johnson is the founder of MobyLives, and the co-founder and co-publisher of Melville House.

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