Nach Waxman, who has owned Kitchen Arts & Letters, the renowned New York City food and drink bookstore, for more than 30 years, recently transferred majority ownership of the store to Matt Sartwell, manager of the store for 15 years, the New York Times reported.
"I am no kid anymore, and Matt's considerable energy is up to the competitive challenges being faced by all in the retail world, and especially by bookstores," Waxman told the Times.
Waxman is not retiring to the kitchen: he remains a minority partner of the store and is setting up a new company to "deal exclusively in out-of-print books on food and drink."
