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Friday 12th February

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Waterstones Turns A Corner Under Russian Ownership

Posted at 10:51AM Sunday 02 Feb 2014

Waterstones, Britain's biggest high street book chain, has turned the corner under its new owner, Russian billionaire Alexander Mamut, despite the continued decline in book sales.

Accounts for Waterstones Booksellers Limited for the year to April 27 2013, the first full year of trading after being sold by HMV Group for £53.5m, show the bookseller made an operating loss before exceptional items of £12.2m.

Telegraph

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