Waterstones sale 'makes sense', say analysts, as trade anxiety spikes

Waterstones sale 'makes sense', say analysts, as trade anxiety spikes

Analysts have said new ownership of Waterstones “makes sense”, following reports that its Russian owner, Alexander Mamut, has appointed banker N M Rothschild to contact potential buyers for the chain. But the development has sparked anxiety in the wider trade, with concerns over any uncertainty affecting the crucial retailer.

Douglas McCabe, analyst at Enders Analysis, said that Waterstones’ reported £40m profits would "give the owner some leverage and reinforces why the timing of new financing could be attractive". However, notwithstanding Waterstones m.d. James Daunt’s turnaround of the ...

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