Fri, 20/05/2011 - 11:12
So, the deal is done, and with it much of the uncertainty that has clouded Waterstone's for months is ended at a stroke.
The 4,500 people who work at Waterstone's will be the most relieved that this awkward and unsettling sale period as now at an end. For Waterstone's as an entity, an escape from the gradually...
Thu, 21/04/2011 - 16:19
It was perhaps typical of W H Smith's low-key approach that Britain's most profitable bookseller should slip out its results in a quiet week before Easter, while most observers of the sector were transfixed by the Waterstone's takeover saga.
Equally typically, the results showed a solid, steady profitability combined with...
Fri, 25/03/2011 - 12:44
The future of Waterstone's is expected to be resolved in the next four weeks, with speculation mounting that managing director Dominic Myers could lead a management buyout.
Parent HMV Group effectively put the business up for sale this morning after announcing it was seeking "strategic options" for both Waterstone's...
Fri, 25/03/2011 - 09:29
The news this morning (25th March) that HMV is pursuing 'strategic options' for Waterstone's—aka selling off the book chain—can hardly come as a shock, however much HMV top dog Simon Fox may have struggled to prevent it...
Fri, 11/03/2011 - 12:04
Is it more than just wishful thinking induced by the onset of spring to suppose that the long dark winter of the book trade is finally coming to end?
A pessimist would surely argue that we are still held fast in the recession’s icy grip. Book sales are down 2.3% on a year ago, and the year-on-year comparison has been a negative...
Mon, 28/02/2011 - 11:14
The twin collapses of Borders in the US and the REDgroup in Australia, within a few hours of each other, are a graphic illustration of the intense pressure that traditional high street book retailing is now under worldwide.
Although neither chain had any direct British interests, British publishers will not be unaffected. Penguin US...
Wed, 23/02/2011 - 09:33
Chatto's How to Live: A Life of Montaigne has won The Duff Cooper Prize, beating Costa-category winner The Hare with Amber Eyes and Keith Richards' huge-selling autobiography.
Winning author Sarah Bakewell was presented with the award by Andrew Marr at a glitzy ceremony at the French Ambassador's residence in Kensington...
Tue, 08/02/2011 - 09:08
Bloomsbury is adopting a global, internal structure designed to allow it to function better alongside worldwide operations like Google, Apple and Amazon, and react to increasingly globalised and homogenised consumer tastes.
From the beginning of next month the publisher will function in four basic divisions of adult; children’s...
Fri, 07/01/2011 - 10:56
In figures rushed out a week early the full extent of HMV's woes have been laid bare. Sales in the UK and Ireland are down a whopping 13.6% in the five weeks to New Year's Day; Waterstone's, by comparison, are almost flat at 0.4% down.
Several observations spring to mind. The first is that Dominic Myers and the new team at Waterstone's...
Thu, 06/01/2011 - 17:02
With several high-profile TV series under his belt, a reputation as a pugnacious debater, and a track record in slaughtering sacred cows, Niall Ferguson is unsurprisingly no shrinking violet when asked to describe his latest book (with accompanying Channel 4 series), Civilisation, The West and the Rest (Allen Lane, March).