UK Book Chain Waterstone’s Sold to Russian Billionaire

In What's the Buzz by Hannah Johnson

*+-By Hannah Johnson Waterstone’s parent company HMV announced this morning that it would sell the UK book chain to Russian billionaire Alexander Mamut’s company, A&NN Capital Fund Management, for GBP 53 million. In a surprising move, The Bookseller reports that Waterstone’s current Managing Director Dominic Myers will be replaced by James Daunt to run the bookstore chain after the deal …

Can the Mega-author Exist Without the Mega-bookstore?

In Discussion by Edward Nawotka

*+-By Edward Nawotka In our lead article today, Liz Bury writes about the launch of Mills & Boon India, prompted in part by the widespread use of English, globalized communications and the growth of India’s middle-class, which likes to shop in the new chain bookstores and supermarket-style outlets in India’s metro centers and their newly-built shopping malls. The shift has …