Weeks of speculation about the future of Waterstone’s after parent company HMV let investors know that it might violate banking covenants – not to mention the possibility that founder Tim Waterstone and minority shareholder Alexander Mamut are interested in buying the chain — has led to today’s announcement that yes, Waterstone’s is on the block, its fate potentially decided in the next four weeks. “In response to press speculation, the board confirms it is exploring strategic options in respect of Waterstone’s and HMV Canada,” HMV said in a statement. “The board also confirms that no discussions are taking place with respect to […]
