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 …