San Francisco, CA – A California bookstore founded in 1851 may soon have a new owner. Barnes & Noble has announced plans to acquire Books Inc., the Bay Area-based chain often called “The West’s Oldest Independent Bookseller,” in a $3.25 million deal pending bankruptcy court approval.
According to filings with the U.S. Bankruptcy Court for the Northern District of California, Books Inc. has requested approval to sell its assets to BI Acquisition Co., LLC, an affiliate of Barnes & Noble Booksellers, Inc.
If the court approves the sale, Books Inc. will retain its brand name and continue operating its seven neighborhood stores and two San Francisco International Airport locations.
Books Inc. entered Chapter 11 bankruptcy in January 2025 after struggling with rising costs, changing shopping habits, and financial losses linked to the COVID-19 pandemic.
“This agreement will ensure that Books Inc.’s legacy will continue for the foreseeable future,” said CEO Andy Perham, who has worked at the company for 15 years. He added that Barnes & Noble’s resources will allow the chain to modernize while maintaining its community focus.
Barnes & Noble CEO James Daunt praised Books Inc.’s “storied history,” saying he is eager to welcome its staff into the larger company.
This acquisition would be Barnes & Noble’s second rescue of a historic bookseller, following its purchase of Denver’s Tattered Cover in July 2024 after that chain also filed for Chapter 11.
The bankruptcy court is expected to review and decide on the proposed sale later this fall.
