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 …