Waterstone's suspends m.d. hunt

<p>Waterstone's is not yet actively looking for a new m.d. to replace David Gilbert, who resigned in October.</p><p>Brian McLaughlin, HMV Group c.o.o. and acting m.d. of the book chain, said that the appointment of a permanent successor to Gilbert had "not even been discussed".</p><p>McLaughlin, who put his retiremen on hold when Gilbert left, said the business was focused on organic growth. "Every time I come back, the management team is stronger than ever."</p><p>McLaughlin claimed that the chain's like-for-like sales increase of 7% for the five weeks to 8th January, and a margin drop of ...

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