Waterstones buy Blackwell’s

In the UK, Waterstones has bought former family-owned chain Blackwell’s for an undisclosed sum, reports the Bookseller.

The funds for the purchase came via Waterstones owner Elliott Advisors, which also owns US chain Barnes & Noble. The Blackwell’s chain, which comprises 18 stores, was put up for sale for the first time in its 143-year history last month.

‘Blackwell’s … is among the most illustrious names in bookselling, a legacy for which we have the utmost respect,’ said Waterstones managing director James Daunt. ‘We greatly look forward to working alongside the booksellers at Blackwell’s as we secure the future of these wonderful bookshops and preserve academic bookselling in so many towns and campuses across the UK.’

‘Blackwell’s is cherished by its customers for its brilliant booksellers and the unique position it holds in the bookselling landscape,’ said Blackwell’s CEO David Prescott. ‘Waterstones’ acquisition will ensure that the future of Blackwell’s and its booksellers is secure. Waterstones have outlined their commitment to invest in our people, our shops and in our growing ecommerce operation.’

All Blackwell’s staff, including Prescott, will be retained.

Category: International news