B. Dalton to Be Sold
- Share via
MINNEAPOLIS — Dayton Hudson Corp. said Wednesday that it agreed to sell its B. Dalton Bookseller unit to a group led by the rival Barnes & Noble Bookstores. Terms were not disclosed, although Dayton Hudson said it expects to record a “substantial gain” on the sale of B. Dalton, one of the largest book chains in the country.
In addition to Barnes & Noble, the group making the proposed purchase includes Leonard Riggio, Barnes & Noble’s chief executive, and Venderamerica B.V., a unit of Vendex, a large Dutch retailer that owns a major stake in Barnes & Noble.
Dayton Hudson, the fifth-largest general merchandise retailer in the United States, had announced in late September that it planned to sell B. Dalton.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
