Via the Enquirer:
"The Joseph-Beth stores in Norwood, Lexington and Cleveland soon will have a new owner.
The three stores were purchased at a bankruptcy auction Wednesday by an entity associated with Lexington-based Langley Properties Co. Langley owns the shopping center in which Joseph Beth’s Lexington store operates.
The company plans to maintain the current Joseph Beth management team except for former owner and CEO Neil van Uum, said Mark Wilson, the chain’s chief operating officer. Van Uum was one of the five bidders in Wednesday’s auction.
“Our customers will not see any real change,” Wilson said. “We are excited to expand our customer programs. It will be interesting and a lot of fun to see what can be done without the burden of debt.”I'm glad to see that they will be able to keep the Norwood store open. It has been a great stop in the past for notable author signings and other events.