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Gurr Gone from Lauriat's as Sale Falls Through
Jim Milliot -- 3/2/98
Lauriat's president Danny Gurr is "no longer affiliated with the company," a spokesperson for the bookstore chain told PW in confirming reports that Gurr had left Lauriat's late last month. At press time, no one had been named to lead the small bookselling chain, either on an interim or full-time basis.
The proposed sale of Lauriat's to a still unidentified buyer is "no longer in the works," said Arthur Ansin, Lauriat's chief financial officer. Ansin said that at present the sale "is dead, but not necessarily buried." For the moment, ING Equity Partners remains the controlling shareholder in Lauriat's.

The failure of Lauriat's to close a deal was met with disappointment by several publishers and wholesalers who were hoping that new ownership would help clear up a backlog of unpaid bills. The Northeast-based chain is on credit hold with a number of publishers.
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