Tuesday, December 19, 2006
A&R and Barnes & Noble?
The rumours are flowing around about a connection between Angus & Robertson Whitcoulls and and US bookselling giant, Barnes & Noble. Staff from Australia and New Zealand's largest bookshop chain have apparently been on a 'study tour' in the US partly hosted by B&N. If one is to believe the share market bloggers, the US chain is apparently ripe for a leveraged buyout by private equity, just as ARW was in July 2005, when it was purchased by Pacific Equity Partners. All this means nothing, of course. For the moment, all the two chains have in common is their ampersand.