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Mon, 19/12/2011 - 14:09The HMV Group made a profit of £11.5m from the sale of book chain Waterstone's, but the fillip did not prevent the CD and DVD retailer sinking further into the mire with operating losses for the six months to end-October up 25% to £30.4m after sales fell 18%.
Total sales were £364.9m, down 17.6% on 2010 (£...
Benedicte Page | Financial | HMV | Home | Simon Fox | the HMV Group | waterstone's -
Mon, 11/07/2011 - 08:50Michael Neil, Waterstone's former commercial director, has joined HMV as its new commercial director.
He has been appointed to the retailer with immediate effect and replaces Gary Warren, who recently left to pursue new interests after 25 years with the company. Neil will be responsible for the retailer's 55 strong commercial...
Bertrams | blackwell | Graeme Neill | HMV | Michael Neil | Todays Picks | Waterstones -
Thu, 23/06/2011 - 06:00HMV Group shareholders are meeting today (23rd June) to formally approve Waterstone's takeover by Alexander Mamut.
The vote will be the last stumbling block before Waterstone's becomes a standalone business. The Russian billionaire has appointed James Daunt as the retailer's managing director.
Arden Partners...
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Tue, 07/06/2011 - 08:20HMV Group has formally asked shareholders to approve Alexander Mamut's takeover of Waterstone's.
The retailer sent out a circular to shareholders today (7th June), giving them notice of a meeting when they will consider and potentially approve the sale of the book chain to Mamut's A&NN Capital Management Fund for...
Alexander Mamut | Graeme Neill | HMV | Retail | Todays Picks | waterstone's -
Fri, 13/05/2011 - 18:25HMV has confirmed that it is in "advanced discussions regarding a potential sale of Waterstone's". The announcement, made late on Friday, follows a day of increased speculation with reports that Russian investor Alexander Mamut had raised his offer to £43m in cash, and that various private equity groups were circling the...
Bookseller Staff | Financial | HMV | Home | Retail | waterstone's -
Fri, 13/05/2011 - 08:35HMV is considering a number of options for Waterstone's as talks with Russian billionaire Alexander Mamut have reportedly hit the buffers.
Up to 10 potential bidders have expressed interest in the beleagured book chain, one of which may be Change Capital Partners, an investment firm which specialises in buying retailers and...
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Thu, 12/05/2011 - 15:32
Penguin Children's Division has appointed HMV group marketing director Graham Sim to the role of creative director.
Sim will start at Penguin on 4th July, and will report into Penguin UK c.e.o. Tom Weldon and Penguin Children's m.d. Francesca Dow.
His role will entail leading the children's marketing and publicity...
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Mon, 11/04/2011 - 08:29Shareholders have reportedly refused to pump extra money into the HMV Group, making a Waterstone's sale even more likely.
Shareholders in the HMV Group have boycotted a rescue rights issue to save the struggling retailer, according to the...
HMV | Lisa Campbell | Retail | Waterstone' -
Tue, 05/04/2011 - 09:39The struggling HMV Group has bought more time to pass covenant tests while issuing a third profit warning.
The group, which owns Waterstone's, said "trading conditions have remained difficult" since it issued its last profit warning a month ago and admitted that full year profit before tax was likely to be £30m...
Financial | HMV | Home | Lisa Campbell | Retail | waterstone's -
Mon, 28/03/2011 - 09:30Tim Waterstone is reportedly assembling a management team for Waterstone's with a view of returning the chain to its stock-holding roots, as speculation mounts about a bid.
The weekend press extensively reported on the future of Waterstone's after HMV Group announced on Friday [25th March] it was seeking "strategic...
Alexander Mamut | Bookseller Staff | HMV | Home | Retail | Tim Waterstone | Waterstones
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