Tattered Cover, Colorado’s largest bookstore chain, has been sold to local investors and is now the country’s largest Black owned bookstore.
Announced Wednesday morning via a press release, the sale moves all four Tattered Cover locations into the hands of Bended Page LLC., an investment group owned by Denver natives, Kwame Spearman and David Back.
Spearman will serve as CEO and major shareholder. “We want to preserve what we all love about The Tattered Cover and give it the necessary capital to beat COVID,” Spearman said in a recent interview.
The purchase of the 49-year-old independent bookstore was made for an undisclosed amount of money.
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