Waterstones announced on Monday that it has entered a deal to acquire academic and specialist bookstore chain Blackwell’s, for an undisclosed sum, with funds advised by Elliott Advisors. Blackwell’s, which has 18 shops across the UK and operates Heffers in Cambridge, has been family-owned since 1879. The acquisition now brings Blackwell’s under the same ownership as Barnes & Noble and UK bookshop Foyles. “Blackwell’s and Heffers are amongst the most illustrious names in bookselling, a legacy for which we have the utmost respect,” Waterstones’ managing director James Daunt said. “We greatly look forward to working alongside the booksellers at Blackwell’s […]
