Denver: Owner of Tattered Cover bookstore weighs sales bids
The owners of the Tattered Cover are weighing from prospective buyers to bail the beloved 52-year-old Denver bookstore out of bankruptcy.
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The owners of the Tattered Cover are weighing from prospective buyers to bail the beloved 52-year-old Denver bookstore out of bankruptcy.
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.
The chain lost more than twice as much money in February as it projected, according to a court filing.
The Tattered Cover has asked a bankruptcy judge to reschedule a bankruptcy confirmation hearing as it considers offers from potential buyers.
Tattered Cover lost $340,000 last month and expects to remain in the red this month, a fiscal shortcoming that arrives as the bookseller is trying to chart a course to profitability.