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 …

UK’s Waterstone’s Pins Hopes on aNobii “Social Bookselling” App

In English Language by Roger Tagholm

*+-Beleaguered bookseller Waterstone’s is counting on aNobii, a book-oriented social networking site originally developed in Hong Kong, to help save them. By Roger Tagholm LONDON: Troubled UK chain Waterstone’s is pinning its hopes on the aNobii app which it officially launches next month. Not much has been said about this so-called “social bookselling” website, but it was clear from talking to …

With UK Print Book Sales Falling, Can E-books Close the Gap?

In English Language by Roger Tagholm

*+-E-book sales accounted for just 1% of the UK book market in 2010, but are expected to boom in 2011 — growth that might be offset by cheaper prices. By Roger Tagholm British consumers bought fewer books in 2010 than 2008 -– down from 344m to 339m -– and the amount spent fell from £2,341m to £2,183m. E-books accounted for …