Waterstones’ deal designed to resist ‘Amazon’s siren call’

Foyles in Grand Central, Birmingham
Bookshop Foyles is to end more than a century of family ownership after agreeing a sale to Waterstones. The chain was founded in 1903 and today has seven stores, including one in Grand Central, Birmingham, while Waterstones operates 283 stores and owns booksellers Hatchards and Hodges Figgis. Waterstones' managing director James Daunt said: "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." Bookshops were one of the first sectors ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...