BUSINESS
BY A SUN STAFF WRITER | June 19, 2003
Donna's coffee is out; Starbucks is in. The pale wood and vibrant purples have been replaced by Barnes & Noble's trademark dark bookshelves. Two years after the popular Bibelot bookstore chain closed, the nation's largest bookseller has moved into the homegrown retailer's former flagship in Pikesville. Despite the differences with Bibelot, once a popular neighborhood institution, the new Barnes & Noble store occupying the vast space in the Festival at Woodholme expects to win over once-loyal customers.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | March 1, 2003
Brian D. and Elizabeth G. Weese, former owners of the now-defunct, Baltimore-area Bibelot bookstore chain, have reached a $13 million settlement with creditors who had accused the couple of fraudulently transferring nearly $20 million to an offshore trust fund. The settlement puts an end to several lawsuits against the couple in which creditors were seeking to recover at least $17.5 million owed after the once-popular bookseller filed for bankruptcy in March 2001. Bank of America NA, the Weeses' largest creditor, gets $10 million of its more than $15 million claim, the trustee overseeing couple's personal bankruptcy case said yesterday.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | January 3, 2003
A deal to settle millions of dollars in lawsuits against Brian D. and Elizabeth G. Weese, who owned the defunct Bibelot bookstore chain, has unraveled, forcing a trial in the couple's personal bankruptcy case to go forward. But because the Weeses and two of their biggest creditors had expected to complete the $12.7 million settlement, the trustee overseeing the personal bankruptcy case said he is not ready for trial and plans to ask for a postponement. The trial, which is still on the calendar to start Monday in U.S. Bankruptcy Court in Baltimore, was scheduled after trustee Irving E. Walker filed a lawsuit in June last year asking the court to order millions of dollars of the Weeses' assets returned to the United States from an offshore trust in the Cook Islands.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | October 19, 2002
Barnes & Noble Inc. plans to open a bookstore in Pikesville at the site of a former Bibelot, a defunct Baltimore bookseller. The new 24,500-square-foot Barnes & Noble Booksellers will be the first permanent book retailer to move into one of four former Bibelot stores in the Baltimore area, all of which shut down after the company filed for bankruptcy protection in March last year. Greenebaum & Rose Associates, the developers of Woodholme Center, where the store will open, will announce details Tuesday, said a spokesman John Stanton.
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes,SUN STAFF | October 2, 2002
The Village of Cross Keys in North Baltimore has attracted three stores - including two national women's apparel chains - to plug vacancies at the shopping center owned by Rouse Co. Rouse's recruitment of the national chains Chico's and J. Jill is part of a strategy it embarked on after some local businesses moved or failed last year, including the Bibelot book chain. The third new tenant will be a locally owned art gallery. In addition to Chico's and J. Jill, the Cross Keys center has two other national retailers, a Talbots women's clothing store, and a Williams-Sonoma upscale kitchen ware store.
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes,SUN STAFF | June 13, 2002
The trustee overseeing the personal bankruptcy case of the defunct Bibelot bookstore chain's owners has asked the U.S. Bankruptcy Court in Baltimore to order millions of dollars in assets returned to the United States from an offshore trust in the Cook Islands. In his first major move since being named trustee April 10, attorney Irving E. Walker asked the court to declare assets that Brian D. and Elizabeth G. Weese moved to an offshore trust part of the bankruptcy estate and order several people connected with the trust to return its assets.