SaTattered Cover, a trailblazer among the country’s independent bookstores and part of the Denver community for more than a half-century, could have new owners as early as this summer, accord…
Longtime customer Michael Schmale looks over the book shelves at the Tattered Cover Book Store on East Colfax Avenue in Denver on Thursday, April 25, 2024. Tattered Cover, a trailblazer among the country’s independent bookstores and part of the Denver community for more than a half-century, could have new owners as early as this summer, according to the CEO guiding the chain throughBrad Dempsey, who took over as CEO in July, filed an amended reorganization plan Friday with the U.S.
Tattered Cover owner Joyce Meskis, left, is congratulated by supporter Janet MacKenzie after a press conference on April 8, 2002, in the company’s LoDo location to discuss Tattered Cover’s victory in the Colorado Supreme Court. MacKenzie organized a group of friends of Tattered Cover to support Meskis, who was fighting an order to give police the records of customer purchases.
Dempsey also believes the previous purchases of the bookstores were under-financed. To stem losses, Tattered Cover closed three of its seven stores and eliminated roughly a quarter of the company’s jobs in late 2023. Nearly 70 people are still on staff. A customer walks through the Tattered Cover Book Store on East Colfax Avenue in Denver on Thursday, April 25, 2024.
Tattered Cover has hired people to up its social media game and plans to modernize its online presence. The unsecured debt of $3.4 million includes claims by vendors, authors and suppliers for Tattered Cover’s cafes. Secured creditors are paid first.
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