The long, drawn-out process of selling Waterstone’s to minority investor Alexander Mamut is over, with his A&NN Capital Fund Management buying the bookseller for an increased price of £53 million. Parent company HMV didn’t get the £75 million it wanted (and theoretically need to help keep its lenders at bay), but the Russian billionaire paid considerably more than his reported original offer of £35 million. And Tim Waterstone, long speculated by an unimaginative UK press to be Mamut’s partner in the potential deal, will not be involved. Current managing director Dominic Myers won’t be moving with Waterstone’s, and will stay with […]
