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 …