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 …

What is the Future of “Social Bookselling”?

In Discussion by Edward Nawotka

*+-Do you only buy the books your friends suggest? Perhaps not. By Edward Nawotka It has long been a maxim in book marketing that “word-of-mouth” is the best. The same can be said for “handselling” in bookstores. So what happens when both move online? Book oriented social networking, nee bookselling, sites are proliferating. Copia and Bookish, in the US, and …

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 …

#LBF11: Waterstone’s to Close 200 Shops in the UK?

In Global Trade Talk by Roger Tagholm

*+-By Roger Tagholm LONDON: A shadow hangs over the aisles this year and if it’s not made up of volcanic ash this time, the consequences could be even more worrying for British publishers. The shadow is called Waterstone’s whose fate is of concern to almost everyone at Earls Court. At the moment, the chain’s founder Tim Waterstone and his Russian investor …