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Waterstones sale to investment firm confirmed

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Waterstones sale to investment firm confirmed

Apr 26 2018

As expected in earlier reporting, U.S. investment firm Elliott Advisors has agreed to buy U.K. bookstore chain Waterstones, which operates 283 bookstores in the U.K and a handful of branches in Ireland, Holland and Belgium. James Daunt, who is credited with having returned the chain to profitability after he joined the company in 2011, will remain as CEO.

Source: Publishers Weekly

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