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February 28, 2011By Sarah Weinman

Bookselling: Waterstone’s Sales Talk; Foyles on the Move; Nontraditional Outlets; and More

February 28, 2011By Sarah Weinman

Russian billionaire Alexander Mamut, who has increased his stake in Waterstone’s to more than 6 percent over the past few weeks, is now reportedly in talks with the company to buy the chain outright in a joint bid with founder Tim Waterstone. Mamut has hired Credit Suisse to assist in the potential bid. ThisIsMoney.co.uk Foyles will move its flagship space from its current home on 113-119 Charing Cross Road, where it has been since 1906, to a new store down the street sometime in 2013. The nearly 75,000 square foot space, almost double the present location, was bought by Foyle […]

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Filed Under: Bookstores, Deals, Finance, News

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