Waterstones has agreed to acquire Foyles, the 115 year old family-owned chain of seven bookstores. The terms of the transaction have not been disclosed, but it is expected to close by the end of the year. Waterstones chief executive James Daunt, said in the release, “Together, we will be stronger and better positioned to protect and champion the pleasures of real bookshops in the face of Amazon’s siren call.” He noted, “We are honoured to be entrusted with the Foyles business, and greatly look forward to joining forces with the Foyles bookselling team.” Foyles has three locations in London, including its flagship […]
