B. Dalton Parent to Buy Doubleday: The...
From Times Staff and Wire Reports
B. Dalton Parent to Buy Doubleday: The parent of B. Dalton Bookseller Inc. said it has agreed in principle to acquire Doubleday Book Shops from the U.S. unit of West Germany’s Bertelsmann A. G. for an undisclosed price. Doubleday, which has a flagship store on Fifth Avenue in mid-town Manhattan and was founded in 1910, has 40 outlets nationwide. Leonard Riggio, chief executive of BDB Corp., said the company would continue to operate the stores as Doubleday Book Shops and is eyeing an expansion of the chain.
