Special committee unanimously endorses deal to take Indigo private
The agreement remains subject to regulatory approval.
A Blog About Books and Reading
A Blog About Books and Reading
The agreement remains subject to regulatory approval.
Those who thought Indigo had finally reached a point of stability and stasis after a roller coaster year might want to buckle in.
Protesters gathered outside 52 Division in downtown Toronto to call for the charges against the eleven to be dropped.
Posters of Indigo CEO Reisman, who is Jewish, were also pasted on the windows with accusations that the company was "funding genocide."
"We are all more productive if we buy right, inventory our stores right, inventory our warehouse right, and get these returns down by a massive level."
"I was entrusted and now I owe something back."
Indigo can't fail, but it also appears less and less interested in operating primarily as a bookseller.
Reisman's return must at least in part be seen as the path of least resistance.
The upper-level management shakeups come at a particularly perilous time for Indigo.
Indigo was under serious pressure even before yesterday's surprise announcement.