Executives wanted more authority over their own online creative ventures.
The online venture sells goods ranging from sunglasses to bikinis.
The coffee business is fine, but earnings were sapped by investments in online ventures, including a retail store and an magazine.
They are collaborating and co-operating with online ventures all the time.
From Taiwan to Thailand, the region's most powerful families have started a blizzard of online ventures.
But not everyone is so enthusiastic about his new online venture.
It also invested in an online venture with some other magazines called Mindset.
After the offering, the partners each kept about a 41 percent stake in the online venture and Barnes & Noble took operating control.
This is the company's first investment in an online venture.
The company is investing in online ventures as it pursues efforts to reduce costs.