The Tattered Cover is putting itself on the for-sale rack alongside its merchandise, the bookstore announced Friday.
Bended Page LLC, which owns and operates the Tattered Cover Book Store, asked the court Friday to postpone an upcoming bankruptcy reorganization hearing so the company could respond to potential buyers, according to a Friday news release from Tattered Cover.
While the store did not name the interested buyers that had already reached out, the company is in discussions with multiple individuals and businesses across the country, the release stated.
The store also “expects additional interest from other potential buyers as word spreads that Colorado’s iconic independent bookstore is open to being acquired,” the release stated.
Related Articles
Tattered Cover lost $340K in January, expects February losses
Tattered Cover CEO will be paid $120K despite predecessor’s protests
Bended Page’s board of directors decided last week that selling Tattered Cover to a qualified, committed new owner was in the best long-term interests of the company, investors, employees, suppliers and Colorado’s literary community, according to Tattered Cover’s release.
Get more business news by signing up for our Economy Now newsletter.