[AP via someone or another]
Leonard Riggio, Who Forged a Bookselling Empire at
Barnes & Noble, Dead at 83
Leonard Riggio, a brash, self-styled underdog who transformed the
publishing industry by building Barnes & Noble into the countryâs most
powerful bookseller before his company was overtaken by the rise of
Amazon.com, has died at age 83
....
Riggio died Tuesday "following a valiant battle with Alzheimer's
disease," according to a statement issued by his family. He had stepped
down as chairman in 2019 after the chain was sold to the hedge fund
Elliott Advisors.
Riggio's near-half century reign began in 1971 when he used a $1.2
million loan to purchase Barnes & Noble's name and the flagship store on
lower Fifth Avenue in Manhattan. He acquired hundreds of new stores over
the next 20 years and, in the 1990s, launched what became a nationwide
empire of "superstores" that combined a chain's discount prices and
massive capacity with the cozy appeal of couches, reading chairs and
cafes.
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rest:
https://vinnews.com/2024/08/27/leonard-riggio-who-forged-a-bookselling-empire-at-barnes-noble-dead-at-83/
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