Daunt dismisses Russian bank link to Waterstones

Daunt dismisses Russian bank link to Waterstones

Waterstones managing director James Daunt has moved to dismiss any suggestion that a Russian bank collapse will impact on the future ownership of the retail chain, saying that the situation is of “no interest or concern” to the business.

At the same time, he has suggested the bookseller’s Russian owner, Alexander Mamut, would be “sensible” to sell the retailer now it is making a profit.

The London Evening Standard reported on Wednesday (25th October) that Waterstones’ ownership might be affected by the bailing out of Russia’s largest private bank Otkritie, of which Mamut was a large share...

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