Barnes & Noble to Split College Business from Retail, NOOK Business
Published at(NEW YORK) — Barnes & Noble announced on Thursday that it would split itself into two “highly focused companies” with one focusing on its college business and the other retaining retail and NOOK Digital business.
The company said in a press release that it had filed a registration statement with the Securities and Exchange Commission. Once completed, the split would form two “independent, publicly traded companies.”
“As more focused companies with differing potential growth profiles, capital needs and market dynamics, each company will benefit from strategic clarity and separate management and Board focus,” the company said.
Barnes & Noble hopes to complete the split by August 2015.
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