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There's been a lot of C-Suite cat fighting at B&N - mostly between minority owner Leonard Riggio and various revolving CEOs he's brought in and then fired. See e.g.

http://fortune.com/2018/08/29/former-ceo-parneros-sues-barne...

Honestly I'm amazed Riggio got as much as he did for the sale. I suppose there's a fair amount of value in the property portfolio, but the book business as a whole is in a very rocky place.




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